What is the difference between Chapter 7 and Chapter 11?

Related FAQs

Can I keep my business open during a liquidating plan in a Chapter 11 bankruptcy?
How do I avoid having to go into a Chapter 11 bankruptcy?
What is a “liquidating trustee” in a Chapter 11 bankruptcy?
How long does it take to get a plan of reorganization approved in a Chapter 11 bankruptcy?
What is debtor-in-possession (DIP) financing?
What happens to secured creditors in a Chapter 11 bankruptcy?
How do I find a qualified lawyer for a Chapter 11 bankruptcy case?
What happens when I fail to make a payment in a Chapter 11 bankruptcy?
What is “secured creditors' rights litigation” in a Chapter 11 bankruptcy?
What is the process for reorganizing a business in a Chapter 11 bankruptcy?

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