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What is chapter 11 a description?

Chapter 11 is a description of bankruptcy reorganization that allows a business to continue operating while restructuring its debts.

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Businesses or individuals who are unable to meet their financial obligations and want to restructure their debts can file for chapter 11 bankruptcy.

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A chapter 11 bankruptcy filing must include details of the debtor's assets, liabilities, income, expenses, and proposed plan for reorganization.

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