Frequently Asked Questions (FAQs): Chapter 11 Bankruptcy and Subchapter V of Chapter 11
Known as a “reorganization” bankruptcy, Chapter 11 bankruptcy allows businesses and individuals to reorganize their debts and repay their creditors over time. While Chapter 11 is the most expensive and complicated form of bankruptcy, Chapter 11 bankruptcy can be a good fit for some businesses because it generally allows business owners to remain open and retain control of their operations as they repay their creditors.