A Chapter 11 is very complicated. A Chapter 11 is a business reorganization. Usually when individuals file a Chapter 11 they do it in conjunction with their business. In many regards it is similar to a Chapter 13 in that it is a plan for reorganization. In many regards it is completely different that a Chapter 13.
Unfortunately due to their complexity, Chapter 11’s are very expensive and the average small business cannot afford the fees for a Chapter 11. Moreover it is usually not in the debtors best interest to file a Chapter 11. Oftentimes there may be other avenues to achieve the clients goals such as a 13 or even a chapter 7.
If you think you need a Chapter 11 you should call us right away.