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It will also give information as to the ratio of Chapter 7 vs Chapter 11 business filings, the time span for Chapter 11 filing, what debts may not be discharged under Chapter 7 and if a Chapter 13 plan can be modified.
Cardew printing has been at a loss for 2 years. They extended credit to their customers, decreasing their capital, and have lost two of their biggest accounts. In February 2005, the decision was which chapter of bankruptcy they should file. Chapter 11 was the better choice because the company could reorganize and create a repayment plan.
In June 2005, Cardew Printing out of the red and a decision of repayment needed to be decided upon...
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