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Last week, we discussed some of the key Chapter 11 bankruptcy terms. We continue our discussion this week, defining some of the main actions you may see in a Chapter 11 bankruptcy.

Determining how a Chapter 11 bankruptcy works before your company files for Chapter 11 can be confusing, in part because the bankruptcy code is complicated. This blog post and next week’s post will discuss some of the key terms you might see while researching Chapter 11 bankruptcy.

American Suzuki Motor Corp recently received bankruptcy court approval to borrow money from its parent corporation, Suzuki Motor Corp.

Dynegy, an electric power producer that operates gas-fired and coal power plants in California and four other states, recently emerged from a three-month bankruptcy and is being publicly traded again. The case is an example of how even a contentious Chapter 11 bankruptcy can help a company emerge from debt successfully.

Appointed by the U.S. trustee in Chapter 11 cases, creditors’ committees are managed by the bankruptcy trustee and are usually comprised of unsecured creditors with multiple claims against a debtor. Their impact on a Chapter 11 bankruptcy can be significant, depending on the specifics of the case.

When someone is facing foreclosure, anything that promises to help them save their home can seem like a good option. Unfortunately, that is exactly what some criminals want debtors to think.

If you are considering filing for bankruptcy, you might wonder what you should do about your credit card debt. You should know that it is generally not advisable to pay off your credit card debt or to continue to use your credit cards prior to filing for bankruptcy.

Medical bills have a way of piling up, easily overwhelming a family who was otherwise in a very comfortable financial state. Unfortunately, medical bills are typically costly and unexpected, yet cannot be avoided once medical care is necessary. On the upside for those facing mounting medical bills, typically the debt is not submitted to credit reporting agencies for several months.

Filing for bankruptcy is an important and necessary step for many individuals, although it is not always the easiest or quickest process. Those filing for bankruptcy must sift through the particulars, including amounts of filing fees, ways that these fees can be paid and the possibility of getting these fees waived. An experienced bankruptcy lawyer can handle these particulars and help make the process go more smoothly.

There are usually two main types of creditors involved in a bankruptcy proceeding: unsecured creditors and secured creditors. The difference between the creditors is important, whether you are involved in a Chapter 7, Chapter 11 or Chapter 13 bankruptcy.