Chapter 13 v. Chapter 11 Bankruptcy for Small Business Owners

By |May 17th, 2015|

For a small business in financial distress, bankruptcy may be the only viable option. There are two restructuring options under bankruptcy law for debtors who want to try to stay in business: Chapter 11 and Chapter 13. For a “straight” or “liquidation” bankruptcy: Chapter 7.To some extent, Chapters 11 and 13 are similar. Both types […]