Chapter 11 Bankruptcy FAQs

8 FAQs where found , 8 in this page

What happens to my business when I file Chapter 11?

Your business remains open and protected by the automatic stay.

Traditional cases take months; Subchapter V can resolve in 3–6 months.

No. You stay in full control as the Debtor in Possession.

Yes. Filing immediately stops these actions.

Nearly all — from small sole proprietorships to large companies.

It restructures debt into manageable payments and may reduce secured debts.

Chapter 13 is for individuals with limited debt; Chapter 11 is for businesses.

If the business has value and needs time to reorganize — it likely is.