Bankruptcies are filed under these headlines:
Chapter 7 — Debtor gives up nonexempt property and debts discharged.
Chapter 11 — Business reorganization; protection from creditors while business devises a plan for reorganization.
Chapter 12 — Designed specifically for the reorganization of family farms. It is closely modeled after Chapter 13.
Chapter 13 — Plan is devised by the individual to pay percentage of debt based on ability.
Information comes from the U.S. Bankruptcy Court for the Eastern Washington District.
Francisco Avalos Valdez
1123 Bald Road
Joshua W. & Amanda R. Gleason
1709 Stuart St.