Can I keep my business open during a Chapter 11 bankruptcy?

Yes, it is possible to keep a business open during a Chapter 11 bankruptcy case in Washington. This is because under Chapter 11 bankruptcy law, the business is given the chance to reorganize itself and restructure its finances. This means that the business can continue to operate and generate revenue. The Chapter 11 bankruptcy law also allows the business to create a repayment plan for its creditors. This plan includes the repayment of debts over a specified period of time. During this period, the business is still able to operate and generate revenue to repay the debts. Furthermore, during the Chapter 11 bankruptcy process, Washington law also allows the business to obtain new financing and continue growing and developing. This allows the business to remain open and viable during the reorganization process. Ultimately, with the help of experienced legal counsel and a well-executed reorganization plan, a business can remain open during a Chapter 11 bankruptcy and emerge as a stronger, more profitable business.

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