While Chapter 11 bankruptcy is frequently thought of as providing relief for corporations, it also provides an mechanism for individual consumers to restructure. The Supreme Court resolved the issue of eligibility for individuals to file for Chapter 11 relief when it issued its ruling in Toibb v. Radliff holding that even individuals not engaged in business could seek relief under Chapter 11. While individuals are eligible for Chapter 11, it still remains a fairly underutilized chapter of bankruptcy. Individuals who would lose property in Chapter 7 bankruptcy (or who are not means test eligible) or who exceed the debt limits of Chapter 13 bankruptcy are ideal candidates for relief under Chapter 11.
Jamie Harris is an associate attorney with DelCotto Law Group PLLC. Her practice of law focuses on helping business owners hurdle financial obstacles. Jamie is best known for her experience in filing Chapter 7, 11, 12, and 13 bankruptcies. In her Chapter 11 cases, Jamie has represented companies from many different industries including healthcare, nonprofit, trucking, construction, commercial real estate and telecommunications.