question archive A business or individual may be able to reorganize and continue operations under which of the following bankruptcy provisions?
A business or individual may be able to reorganize and continue operations under which of the following bankruptcy provisions?
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A business or individual may be able to reorganize and continue operations under which of the following bankruptcy provisions?
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Chapter 11 allows a business or individual business to continue to operate under a reorganization plan.
Step-by-step explanation
- Chapter 11 bankruptcy which is also referred to as reorganization can be can filed by everyone who include individuals, businesses, partnerships, joint ventures, and limited liability companies.
- Chapter 11 bankruptcy has no specified debt-level limit and has no required income.
