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The term Chapter 11 business bankruptcy refers to the reorganization of debts,
either through liquidation or restructuring for continued operation. Chapter 11
is available for individuals, corporations and partnerships, and offers greater
flexibility than either Chapter 7 or 13. The administration of cases
is quite complex compared to typical consumer filings, and requires a
degree of legal acumen beyond the capability of most attorneys, whether
general practioners or average consumer law specialists.
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