|  Home   |  Legal Services   |  Our Advantage   |  FAQ   |  Legal Information   |  About Us   |  Support  |  
You are here: Information Center >> Bankruptcy (Chapters 7, 11, 13) >> Chapter 11 Bankruptcy

Chapter 11 Bankruptcy

Businesses that wish to continue operating must file for bankruptcy under Chapter 11, which reorganizes the debtor company’s finances. Businesses in bankruptcy are sometimes refereed to as being "in reorganization." The reorganization plan allows the company to repay creditors while it continues to operate.

SIDEBAR: Family farmers file for bankruptcy under Chapter 12.