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Apr 19, 2023

[Answer] What does it mean to file Chapter 11?

Step 1 : Introduction to the question "What does it mean to file Chapter 11?"

...Chapter 11 is known as a “reorganization bankruptcy,” where the debtor — usually a business owner — can keep running a business but must submit a plan to reorganize its finances and pay back any debt. In 2021, there were more than 3,500 commercial filings for Chapter 11 in the United States.

Step 2 : Answer to the question "What does it mean to file Chapter 11?"


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