How would chapter 11 help?
Each year, thousands of businesses and individuals file “petitions for relief” under the United States Bankruptcy Code. They are looking for relief – relief from a slumping economy, or from prior bad choices, or from toxic liabilities, or from the financial hole they are in as a result of job loss, business failure, medical bills, or other negative circumstances. In short, relief from debt. People and businesses dying under the weight of their debts have little heart to undertake new ventures, to purchase new products, to engage in creative enterprises with energy.
