Can I continue to operate my business during a Chapter 11 bankruptcy?

Yes, you can continue to operate your business during a Chapter 11 bankruptcy in North Dakota. This form of bankruptcy lets you reorganize your debt and provides some protection from creditors. During Chapter 11 bankruptcy, you will be able to continue running your business and will not have to close your doors. With Chapter 11 bankruptcy, you will present a plan to pay back your creditors. This plan must be approved by the court and your creditors. This plan may include the sale of some of your assets and debtors may be able to keep some of their assets if they can prove that these assets are necessary for day-to-day operations. In order to keep your business running, you will need to prove that your business is profitable. During this period, you may be able to get an extension of time to repay some of your debts. You may also be able to renegotiate the terms of your loans. Finally, you may be able to reduce the interest owed on some of your debts. By continuing to operate your business during a Chapter 11 bankruptcy, you will have the opportunity to make a plan to pay off your debts while avoiding liquidation. This will allow you to get back on track financially and get your business back on the road to success.

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Can I continue to operate my business during a Chapter 11 bankruptcy?

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