A Step-By-Step Look at the Chapter 11 Bankruptcy Timeline

For companies, small businesses, individual business ventures and other organizations, Chapter 11 bankruptcy is the ideal way to seek debt restructuring and get bankruptcy protection. If the company’s debts have grown to be unmanageable, Chapter 11 bankruptcy helps them start over and recover from this debt. In 2013 alone, 8,980 different Chapter 11 bankruptcies were filed in the U.S. by companies seeking a court-mandated debt repayment plan.
But how long does Chapter 11 bankruptcy last? Wondering about the Continue Reading