financial-coach-types-of-bankruptcy
PDF · 2 Dec 2025
Short informational guide describing the six primary U.S. bankruptcy chapters (7, 9, 11, 12, 13, 15). It explains each chapter’s purpose and typical use cases—Chapter 7 (liquidation), Chapter 13 (individual repayment plans lasting three to five years), Chapter 11 (business reorganization), Chapter 9 (municipal insolvency), Chapter 12 (family farmers; similar to Chapter 13), and Chapter 15 (cross-border/foreign representative cooperation with U.S. courts).
Questions this document answers
Chapter 7 and Chapter 13.
Three to five years.