The word bankruptcy usually invokes fear in the average consumer. Bankruptcy to most businesses means the business is going to close its doors. Chapter 11 bankruptcy is a specific type of bankruptcy designed to help businesses restructure their debts. Chapter 11 bankruptcy is utilized by businesses and not individuals. This type of bankruptcy is available for small businesses, corporations, or partnerships. It is the most expensive form of bankruptcy to pursue and one of the most time consuming.     Image via Wikipedia This type of bankruptcy allows businesses to … [Read more...]