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: Arizona Bankruptcy Attorney BlogBankruptcy And the Big Kids: WaMu Files a New Chapter 11 Plan
By Joseph McDaniel, Esq.
Now, I get calls with frequency from folks who think a Chapter 11 Plan for them personally can accomplish all sorts of wonderful things.
And they can; but they sure are expensive.
And when I talked to a nice guy who had just gotten out of a personal Chapter 11 (that is, his plan had been approved by the Court), all he wanted to discuss was the half-million in legal fees that he had been billed.
And he was not happy!
Frankly, I think there is a combo platter of approaches in small business cases that gets a better result than a Chapter 11, and it sometimes works pretty well.
Full post as published by Arizona Bankruptcy Attorney Blog on February 09, 2011 (boomark / email).
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