Bankruptcy Guide | Memphis Breaking News, Weather and Sports | WPTY-TV

Flood Warning expires at 9:47 AM on 5/30, issued at 9:47 AM Alamo, TN | Bells, TN | Bogota, TN | Crockett Mills, TN

	Advantages and disadvantages of Chapter 11 Chapter Eleven is designed to help a business recover from financial distress. It allows the company to reorganize operations and continue to function while under supervision of the bankruptcy court.
	Reorganizing your business Under Chapter Eleven, a corporation, small business, or individual who has incurred sufficient debt may file for protection from creditors while it reorganizes.
	What is Chapter 11? Chapter Eleven is one of four sections of the Federal Bankruptcy Code. Chapter Eleven was designed to help businesses in financial trouble restructure their organization and finances so they may continue to operate, rather than be liquidated.

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