Legal Question in Bankruptcy in Nebraska
who cannot file chapter 7
who cannot file chapter 7
please be specific in terms of business, corporations, banks, personal, etc.
Thank you for your time.
Asked on 11/06/02, 5:13 pm
1 Answer from Attorneys
Talana Sayre
Talana Sayre, Attorney at Law
Re: who cannot file chapter 7
Chapter 7 is a solution for individual consumers--though if you are married you can file jointly. Individuals who own a sole proprietorship can file Chapter 7 so long as the business isn't a railroad, bank or insurance company.
Other business entities would file under a Chapter 11. Hope that was clear enough for you.
Answered on 11/07/02, 2:29 pm
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