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.

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 ...

Understanding the key differences between debt settlement and Chapter 11 bankruptcy can mean the difference between successfully handling your debt and finding yourself with a bigger issue on your ...