Investopedia / NoNo Flores Chapter 11 is a type of bankruptcy that reorganizes a struggling company's debts in order for it to stay open and become solvent. The reorganization is overseen by a ...

Companies that find themselves in a dire financial situation where bankruptcy is their best—or only—option have two main choices in the U.S.: Chapter 7 bankruptcy or Chapter 11 bankruptcy.

Debt settlement and Chapter 11 bankruptcy aren't the only ways to tackle your financial troubles. Depending on your circumstances, these other debt relief solutions might be more suitable: ...

Bankruptcy attorney Michael Kaufman explained the legal implications of the switch from Chapter 11 to Chapter 7. "A Chapter 11 is typically used by a business to reorganize their debt," he said.

Spirit Airlines has successfully exited Chapter 11 restructuring, having gained “significantly less debt and greater ...