Introduction to a Chapter 13 Reorganization Proceedinghttps://kmbankruptcylawyerny.com/wp-content/uploads/2015/07/ch13.jpg251201MISHIYEVA LAW Bankruptcy Lawyer NYCMISHIYEVA LAW Bankruptcy Lawyer NYChttps://kmbankruptcylawyerny.com/wp-content/uploads/2015/07/ch13.jpg
In the bankruptcy system, there are two types of proceedings available to individual debtors: liquidations and reorganizations. Chapter 7 is a liquidation proceeding in which assets that cannot be claimed…