Chapter 11 Bankruptcy
Learn how even the wealthy and big businesses can - and often do - get bankruptcy protection and debt relief by filing Chapter 11 bankruptcy.
Chapter 11 bankruptcy is the type of bankruptcy used by corporations and wealthy individuals when they need a fresh start. Some famous examples include Skymall and General Motors, which both used Chapter 11 to reorganize their debts or liquidate their assets.
This page is your hub for learning about how bankruptcy isn’t just for regular people that need a fresh start, but also for large corporations and wealthy individuals.
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Chapter 7 vs. Chapter 11 Bankruptcy
Written by Jonathan Petts. Legally reviewed by Ben Jackson
Updated March 13, 2025
Chapter 11 bankruptcy can be quite similar to Chapter 7 bankruptcy. But it's also really different. Learn how each type of bankruptcy can provide you with debt relief.
Read More →Should I File Bankruptcy for My Business?
Written by Curtis Lee, JD. Legally reviewed by Jonathan Petts
Updated January 30, 2025
If you're struggling to make ends meet for your business you can dissolve your business under state law or file bankruptcy. The type of bankruptcy you'll file depends largely on the business's structure. You can file personal bankruptcy — Chapter 7 or Chapter 13 —bankruptcy if you're a sole proprietor. If your business is an LLC, corporation, or other legal entity, you may want to file Chapter 11 instead. It's often good to get legal help when filing a business bankruptcy.
Read More →Reorganizing Your Debt? Chapter 11 or Chapter 13 Bankruptcy Can Help!
Written by Attorney Jenni Klock Morel.
Updated July 25, 2023
Chapter 11 cases are mostly filed by businesses or people with significant assets and debts. Chapter 7 and Chapter 13 are the most common chapters filed by individuals. Read on to learn more about the differences between Chapter 11 and Chapter 13 bankruptcies.
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