Chapter 11 Bankruptcy for Small Businesses

In Chapter 11 bankruptcy, you reorganize your debts through a payment plan, much like in Chapter 13 bankruptcy. While Chapter 11 bankruptcy is expensive, and therefore not always a good option for small businesses, it does provide some tools that are not available in other types of bankruptcies. If you are considering bankruptcy for your small business and want to keep the doors open, find out if Chapter 11 bankruptcy would be a good option for you.

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