1. Home
  2.  ► 
  3. Practices & Industries
  4.  ► 
  5. Bankruptcy
  6.  ► Chapter 11

What is a “Chapter 11” Bankruptcy?

The U.S. Courts describe a Chapter 11 bankruptcy this way:

This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

To view a helpful video series about the various types of bankruptcy, please view the following video from the U.S. Court’s Web site:

Learn More

To schedule your a consultation, please call at 952-953-8843 or contact our firm online using this form.

Loren M. Solfest

Matthew J. Schaap