The companies that file for bankruptcy may not be necessarily bankrupt, but might be looking for the protection of court for their company’s good. There are cases where the companies file under Chapter 11 bankruptcy law so as to get back to the regular pace of the business. Following we have a few companies that have filed for bankruptcy:

• KB Toys that filed under Chapter 11 in the month of January 2004 and began liquidation in the month of December itself.
• ARG Enterprises filed for bankruptcy in 2004 for its subsidiaries, including Black Angus Steakhouse, Stuart Anderson’s Restaurants, Stuart Anderson’s Cattle Company, and so on.
• Buffets Holdings filed bankruptcy under Chapter 11 in the month of January and planned to do so in March 2008.
• Fortunoff filed for liquidation of almost 20 stores in February 2008 and filed bankruptcy in the same month only.
• Tweeter shut down 70 stores and filed under Chapter 7 in the month of June 2007.
• Domain Home Furniture declared liquidity in February 2008 and therefore liquidation sales also began in its stores in the same month.
• Wickes Furniture Co. filed for bankruptcy in February 2008 and this was done in 27 of its stores.
• Sharper Image filed bankruptcy in February 2008, they filed under Chapter 11.
• Shells Seafood Restaurants also filed bankruptcy in the month of September, 2008.

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If bankruptcy is constantly in your mind and you want file for bankruptcy then you can first of all find out the whole information regarding bankruptcy at your own. Are you thinking that filing bankruptcy is so easy that just with the complete information you will be able to successfully file the bankruptcy…?? It requires your full time and cost as well. When you have to go to the court for hearing, then you should have some or the other basic advise that you can share with the court. The dates of filing bankruptcy and complete understanding of why you are planning for this is must in anyway.

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The best business attorney would ensure everything regarding the accuracy of the data and its timely submission to the court. One can file for bankruptcy under various defined chapters, such as Chapter 7, 11, 12, 13, and 15. Chapter 7 is filed for liquidation under the bankruptcy court and Chapter 1 for individual debt adjustment. Where Chapter 12 is filed for family farmer bankruptcy, the Chapter 9 is for municipality bankruptcy. Lastly, you can file for ancillary and other cross-border cases under Chapter 15 of bankruptcy law.

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