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March 2019 Archives

Filing Chapter 11 as an individual

In most cases, individuals filing for bankruptcy in New York have the choice of filing either Chapter 7 or Chapter 13. At Macco & Stern, we know that both Chapter 13 and Chapter 7 have strict eligibility requirements. As an individual with a high net worth, you may have accumulated too much debt, in the form of car loans and mortgages, to qualify for either. If that is the case, you may have the option of filing under Chapter 11. 

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