| | | |  | Chapter 11 Bankruptcy |
| | | | | | Chapter 11 Bankruptcy
Chapter 11 of the U.S. Bankruptcy Code is typically used to reorganize a business, which may be a corporation, sole proprietorship, or partnership. People in business or individuals can also seek relief in chapter 11. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. |
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