Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts, discharge certain unsecured debts that can not be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business. (betterbankruptcy.com)
Bail - in simply refers to a partial conversion of certain unsecured debt into equity under specific conditions. (canadiancapitalist.com)
Filing Chapter 7 bankruptcy may allow certain unsecured debts to be discharged, but secure debt, such as a car loan, will not be discharged. (betterbankruptcy.com)