What Is Chapter 11 Liquidation
If you’re a small business owner pondering bankruptcy, you have a few filing options. While some would mean an end to your entrepreneurial dream, others may let you continue to operate your business while paying off your debts. And if you’re not willing to say goodbye to your small business yet, you may consider filing for Chapter 11 bankruptcy. Generally, Chapter 11 is intended for the reorganization of businesses with significant debt, and may allow your small business to propose a plan for profitability post-bankruptcy and continue to operate while temporarily keeping your creditors at bay....