Rebuilding with Strength: Empowering Your Business

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Businesses can carry on with their operations while creating a plan to pay their creditors under Chapter 11 bankruptcy. The debtor in a Chapter 11 bankruptcy provides to the court a plan outlining how it will pay its debts. The debtor must adhere to the plan if the court accepts it.


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​Chapter 11 bankruptcy is an option for both people and businesses. However, there are several prerequisites for qualifying that must be satisfied. For instance, people must be employed on a regular basis and be unable to make their debt payments on time. A company must be able to function as a going concern.



For full article : https://gehilaw.com/practices-areas/bankruptcy-law/reorganization-chapter-11/

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