So, How About If I File a Personal Chapter 11 Bankruptcy? Part I
Posted by | Posted on 27-08-2010
“I just went to a seminar advertised to the general public, and the speakers seemed really smart, and they said if I filed a personal Chapter 11, I could force the secured creditors to negotiate with me! Let’s file today!”
Well. Uh.
No.
I periodically talk to really smart people who have a new religion; the belief in an all-powerful, all-benevolent personal Chapter 11 Bankruptcy, which will permit an individual to manifest an all-powerful ability to force both secured creditors and unsecured creditors to negotiate!
Well, I have an actual religion. Read more…