Bankruptcy Chapters 9, 11, and 12 in Dallas / Fort Worth

Chapter 9

            A Chapter 9 bankruptcy filing is used when a municipality needs to declare bankruptcy.  Fewer than 500 Chapter 9 bankruptcies have ever been filed.  To file under Chapter 9 a debtor must be a municipality.  The Bankruptcy Code defines municipality as a "political subdivision or public agency or instrumentality of a State."  This definition can include cities, counties, townships, bridge authorities, highway authorities, and school districts.  There are very few of these types of bankruptcies in Texas.  Chapter 9 does not apply at all to consumer or business bankruptcy clients.   

Chapter 11

            A Chapter 11 bankruptcy filing is most commonly used for business bankruptcies.  Some examples of high-profile Chapter 11 bankruptcies are Enron, Worldcom, United Airlines, Delta Airlines, Texaco, and Kmart.  Only in certain circumstances is Chapter 11 used for a consumer bankruptcy.  If you feel that this chapter of the Bankruptcy Code may apply to your situation please feel free to contact us.

Chapter 12

            A Chapter 12 bankruptcy filing is very similar to Chapter 13, but is only for family farmers and fishermen.  This form of bankruptcy is not commonly used in the Dallas / Fort Worth Texas area, but if you feel that this chapter of bankruptcy may apply to your situation please feel free to contact us.

For more information see the Bankruptcy FAQ.