You may have heard that rapper Marion "Suge" Knight filed for bankruptcy just as the record label he owns and runs was about to face receivership. If you're the same kind of nerd I am, you're asking, "Which chapter? Which chapter?" And, in fact, he filed for personal bankruptcy under chapter 11. (I had to do a fair amount of looking to find that, but there are a few stories out there mentioning it.)
Wednesday, April 05, 2006 :::
Personal bankruptcy under chapter 11 usually makes sense only in connection with a simultaneous corporate bankruptcy, but it does occasionally happen.
::: posted by dWj at 9:14 PM