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 ...

Businesses or individuals can declare bankruptcy ... right type of bankruptcy requires careful consideration. The most common types of bankruptcies are Chapter 7, Chapter 11, and Chapter 13.

Before filing for bankruptcy, individuals are required to attend credit counseling. Chapter 7 bankruptcy is quicker and cheaper to file than Chapter 13, but not everyone qualifies. If you have any ...