AnsPress shortcode cannot be nested.
This is a legal question. The amount of releief is based upon a number of factors. The type of debt taxes, secured, unsecured, the amount of income and expenses on a monthly basis left overEssentially if you qualify to file a Chapter 11 bankruptcy you take all of your assets and all of your debts go into a fictitious bankruptcy estate. You are allowed to exempt certain assets. Your debts are classified by type. Government debt-usually taxes, debts owed to employees and similar type debts have first priority. Then you have secured debts which are debts based upon collateral. Finally you have unsecured debts. In a Chapter 11 you are typically a debtor in possession and make decisions subject to the Bankruptcy laws.