What is a Chapter 11 bankruptcy? 

A Chapter 11 bankruptcy is similar in certain respects to a Chapter 13. However, Chapter 11 bankruptcies are for individuals meeting a certain high debt threshold and for corporations and limited liability companies. Just like a Chapter 13, a Chapter 11 bankruptcy requires the debtor to propose a Chapter 11 plan. Chapter 11 bankruptcies are much more complex than Chapter 13 bankruptcies. For further clarification about Chapter 11 as it relates to bankruptcy, please feel free to contact us and one of our bankruptcy lawyers in Miami will be happy to help you.

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