DETROIT (Reuters) - Detroit Emergency Manager Kevyn Orr did not speak about filing for Chapter 9 municipal bankruptcy in his first meetings with Michigan state officials before he was named to his ... MSN: Saks Fifth Avenue parent mulls Chapter 11 bankruptcy as it seeks emergency funds: report Saks Fifth Avenue parent mulls Chapter 11 bankruptcy as it seeks emergency funds: report Could your debt be reduced or forgiven? Take our financial relief quiz.

Understanding the Context

Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ... U.S. News Money: Chapter 7 vs. Chapter 13 Bankruptcy: Which Is Best for You?

Chapter 13 Bankruptcy

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Key Insights

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to read on. Chapter 11 Bankruptcy, also called a reorganization bankruptcy, allows a company to restructure its debts in order to stay in business and become solvent. Could your debt be reduced or forgiven? Take our financial relief quiz. A Chapter 13 bankruptcy can be a life preserver when you’re drowning in a sea of debt, but what happens when there’s a financial ...

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Final Thoughts

Reuters: Bankruptcy not a topic in early talks with state, Detroit emergency manager says Bankruptcy not a topic in early talks with state, Detroit emergency manager says Saks Global, parent of high-end department store chain Saks Fifth Avenue, is weighing Chapter 11 bankruptcy as a last resort, Bloomberg News reported on Monday, citing people familiar with the matter. Spirit Airlines filed for Chapter 11 bankruptcy in late August, with plans to overhaul its operations to bring in financial stability and revenue. According to a report from Law360, the airline was ...