0:04
yes an individual can file for chapter
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11 it’s a misconception that only
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businesses can file but individuals can
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file as well and an individual may have
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a tax problem may have a guarantee of
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debt problem may have an investment
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problem may have litigation to deal with
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so it’s a very powerful tool as an
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individual
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because you can use the automatic stay
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protections of a chapter 11 and the
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payment plan arrangement of a chapter 11
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so we have found it to be very
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successful for certain candidates