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Article: Bankruptcy filings.(FRESH BUSINESS)
- Article from:
- Wenatchee Business Journal
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 Sound Publishing Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bankruptcies are filed under the following chapter headings.
Chapter 7--Straight bankruptcy; debtor gives up non-exempt property and debts discharged.
Chapter 11--Business reorganization: protection from creditors while business devises a plan of reorganization. Income/expense reports must be filed monthly.
Chapter 13--Plan is devised by the individual to pay a percentage of debt based on ability to pay. All disposable income must be used to pay debts.
This information comes from the U.S. Bankruptcy Court in Spokane.
Chapter 7
Rhonda Hall Inc., doing business as Mim's Place Espresso Shoppe, Ephrata Raceway Auto, ...