What is the chapter 11 plan? 12 Answers as of July 08, 2013

In a Chapter 11 bankruptcy, how soon do I have to file the Chapter 11 plan?

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Engberg Law Office
Engberg Law Office | Harry A. Engberg
Chapter 11 is the most difficult bankruptcy there is. If you are doing it without an attorney, you most likely will fail. You have 120 days to file a plan.
Answer Applies to: South Dakota
Replied: 7/15/2011
Theodore N. Stapleton, PC
Theodore N. Stapleton, PC | Theodore N. Stapleton
Generally you have 120 days to file your chapter 11 plan.
Answer Applies to: Georgia
Replied: 7/15/2011
Bankruptcy Law office of Bill Rubendall
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
A chapter 11 plan cannot be sent to creditors until the court approves a disclosure statement. Chapter 11 is the most complicated type of bankruptcy and this question requires advice from an attorney who handles chapter 11 cases.
Answer Applies to: California
Replied: 7/15/2011
Ashman Law Office
Ashman Law Office | Glen Edward Ashman
First of all, Chapter 11 is so complex that you should not ever file without counsel. If you did, you may have already made unfixable mistakes. Chapter 11 is so complex that less than 5% of bankruptcy attorneys have the expertise to do it. The fact that you filed with no clue as to deadlines (and they vary depending on the type of chapter 11) tells me how far over your head you already are. If you are a corporation you were required to have counsel. Even if you are not, you NEED counsel.
Answer Applies to: Georgia
Replied: 7/15/2011
Eric J. Benzer, Attorney at Law
Eric J. Benzer, Attorney at Law | Eric Benzer
Ch 11 for business only.
Answer Applies to: Maryland
Replied: 7/8/2013
    Janet A. Lawson Bankruptcy Attorney
    Janet A. Lawson Bankruptcy Attorney | Janet Lawson
    Chapter 11 is complicated and not something you should taken on yourself. You better see a lawyer. If you are confused and inquiring about a Chapter 13 plan.... see a lawyer because you are confused. This will not go well for you.
    Answer Applies to: California
    Replied: 7/15/2011
    Law Office of Jackie Robert Geller
    Law Office of Jackie Robert Geller | Jackie Robert Geller
    4 months from the date of filing unless you request more time from the court.
    Answer Applies to: California
    Replied: 7/15/2011
    The Schreiber Law Firm
    The Schreiber Law Firm | Jeffrey D. Schreiber
    Up to 120 days. If you are doing your own Chapter 11 and asking this question, you are clearly unfamiliar with Chapter 11 and will run into bigger problems than you can deal with. You should have an attorney.
    Answer Applies to: California
    Replied: 7/15/2011
    Law Office of Maureen O' Malley
    Law Office of Maureen O' Malley | Maureen O'Malley
    Ch.11 is made for corporate reorganizations. It can be used by individuals with too much debt to wualify for ch. 13. It's very expensive and very specialized, so you should see someone with experience with it for specifics.
    Answer Applies to: Virginia
    Replied: 7/15/2011
    Law Office of Harry L Styron
    Law Office of Harry L Styron | Harry L Styron
    There is no time limit on filing a plan in a Chapter 11 Bankruptcy. Generally Chapter 11 is for person with more than approx $1,000,000 in secured debt and/or more than approximately $350,000 in unsecured debt. Chapter 11 proceedings are very complex, and if you don't have $25,000 up front for fees you are very unlikely to find an attorney willing to handle it.
    Answer Applies to: California
    Replied: 7/15/2011
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