Article: Contra Costa Times, Walnut Creek, Calif., Bankruptcies Column.

Contra Costa Times, Walnut Creek, Calif. Knight Ridder/Tribune Business News

Nov. 24--The following businesses filed for legal protection from creditors in the federal bankruptcy court in Oakland.

Companies most commonly file for protection under three chapters of the bankruptcy code: Chapter 7, which involves liquidation of assets and appointment of a trustee to handle paying creditors' claims; Chapter 11, in which the debtor must submit a reorganization plan to meet the court's and creditors' approval but permits debtors to retain ownership; and Chapter 13, which involves proprietorship and allows the debtor to submit a payment plan.

...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!