What is a Chapter 11 Bankruptcy? Do I qualify for protection under Chapter 11?
A Chapter 11 Bankruptcy is a reorganization proceeding governed by the provisions of the United States Bankruptcy Code (11 U.S.C. §§ 101 – 1532). Chapter 11 is usually thought of as business reorganization, and is available to businesses of all sizes from large companies such as Winn Dixie and United Airlines, to small sole proprietorships. Chapter 11 is also available to consumers, though it may only be appropriate for individuals in certain circumstances. A Chapter 11 case is usually more complex and expensive than a case under either Chapter 7 or Chapter 13 and is thus difficult to briefly summarize. Please visit our Chapter 11 Bankruptcy page for more information.
