As a small company in Washington, D.c. bankruptcy files

There are two strategies, a small business based in the State can use Washington, when bankruptcy filing. A company that intends to file Chapter 7 bankruptcy to close business. This type of bankruptcy proceedings requires the owner of the company to liquidate assets to repay creditors, investors and shareholders. A plan of restructuring of Chapter 11 bankruptcy filing company finally profits again. A company can continue to work despite the chapter 11 filing. However, the bankruptcy court before large companies is decisions.Difficulty tell: moderately EasyInstructionsThings ll need:$ 1, 039 for Chapter 11 or $284 for Chapter 7 bankruptcy filing and administrative FeesNames and addresses CreditorsList asset and income LiabilitiesCurrent DocumentationCopy so all contracts and LeasesStatement FinancesBankruptcy plan1Conclude company of bankruptcy kind, but you can deposit repayment. This step must with the help of a Washington bankruptcy attorney. 2Formulate debt repayment, if an archive of the chapter 11 plan. Washington small owners are committed to a plan to settle debts regardless of if you are active at local, regional or national level. A repayment plan must with the Securities and Exchange Commission (SEC) licence and your creditors, carriers and for the companies shareholders. Private companies are subject to these terms. 3Gather all documents. Washington companies must disclose all financial information for filing Chapter 7 or Chapter 11 4Take, a means test, if you are filing a chapter 7. This test of both parties will determine if you are eligible for this type of bankruptcy. The first part is checked when company small income your is lower than the durchschnittliche income in Washington. The second section determines how income after the normal functioning of your petition expenses. 5Submit meet and bankruptcy filing fee. You can submit your request in bankruptcy in Spokane, Yakima, Seattle and Tacoma. You will be assigned a trustee must be given also to monitor your bankruptcy. If you are $15 filing Chapter 7 trustee fees. If you file Chapter 11 Trustee Act is $250 to $10,000. Chapter 11 bankruptcy filers are required to the trustee fixed numbers a fixed amount each quarter according to refund schedule 6Attend society meet section 341, the Court bankruptcy, the trustee with your creditors. If you submit Chapter 11, need your voice, by your creditors, owner and stockholders. 7Follow repayment schedule repayment plan submit. Juniors in Washington D.c., Chapter 11 of the file will be monitored to see if you pay your debt repayment plan.