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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.

Chapter 11 Bankruptcy

Chapter 11 Bankruptcy

  • What Is a Plan of Reorganization in Chapter 11 Bankruptcy?

    Chapter 11 bankruptcy can be a good option for debtors who want to reorganize their debt and keep their assets. A key part of any Chapter 11 case is the debtor’s reorganization plan, which outlines how the debtor will repay creditors.

  • Chapter 11 Bankruptcy vs Chapter 13 Bankruptcy

    Both Chapter 11 and Chapter 13 bankruptcy are reorganization chapters that require debt repayment over time. While Chapter 11 bankruptcy is primarily filed by businesses, it's also a choice for individuals who don't qualify for Chapter 13.

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