Bankruptcy law cover chapter 7, 9, 11, 12, 13 & 15. Chapter 7: Liquidation, Chapter 9: Reorganization for municipalities, Chapters 11, 12, and 13: Reorganization and Chapter 15: for Cross-border insolvency.

1. WELCOME TO
PELS ANDERSON, LLC
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2. ABOUT PELS ANDERSON, LLC
PELs Anderson LLC is recognized by clients and colleagues
for our quality legal services. We are committed to
providing individuals and small businesses with all types of
legal service. We are specialized in bankruptcy & personal
injury in Maryland, Verginia and DC.
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3. BANKRUPTCY LAW
The first Bankruptcy Act in America was initially entered into force in 1898. The current
Bankruptcy Code was enacted in 1978 by Bankruptcy Reform Act of 1978, and generally
became effective on October 1, 1979.
Chapters of the Bankruptcy Code
Chapter 7: Liquidation
Chapter 9: Reorganization for municipalities
Chapters 11, 12, and 13: Reorganization
Chapter 15: Cross-border insolvency

4. Chapter 7: Liquidation
Chapter 9: Reorganization for municipalities
Liquidation cover a Chapter 7 is the
most common form of bankruptcy.
U.S. Bankruptcy law changed in 2005
with the of BAPCPA (Bankruptcy Abuse
Prevention and Consumer Protection
Act), which made it more difficult for
consumer debtors to file bankruptcy in
general and Chapter 7.
A Chapter 9 bankruptcy is available
only to municipalities. Chapter 9 is a
form of reorganization, not liquidation.
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5. Chapters 11, 12, and 13:
Reorganization
Chapter 15: Cross-border
insolvency
Bankruptcy under Chapter 11, 12 & 13
is more complex reorganization and
involves allowing the debtor to keep
some or all of them property and to
use future earnings to pay off
creditors. Consumers usually file
chapter 7 or chapter 13.
The Bankruptcy Abuse Prevention
and Consumer Protection Act of
2005 added Chapter 15 and deals
with cross-border insolvency:
foreign companies with U.S. debts.
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6. CONTACT
US
119 North Henry Street
Alexandria,
VA 22314
Phone: (703) 684-1897
Fax: (703) 684-1898
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Thank You
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