top of page

Chapter 11

... amounts involved in a Chapter 11 case are larger, sometimes much larger than in a Chapter 13 bankruptcy.  That is why most Chapter 11 bankruptcies are filed by corporations.  Donald Trumps's companies, for example, have filed 6 Chapter 11 bankruptcies: the Trump Taj Mahal along with 2 other casinos in Atlantic City, the Plaza Hotel in New York, Trump Hotels and Casinos Resorts and Trump Entertainment Resorts have all filed for relief under Chapter 11.

Although most Chapter 11 bankruptcies are corporate bankruptcies, many Chapter 11s are filed by individuals, particularly in the Bay Area.  The reason for that is that there are strict limits on the amount of debt in a Chapter 13 bankruptcy, forcing many individuals to file under Chapter 11 instead.

bottom of page