CHAPTER 11: CORPORATE REORGANIZATION
Chapter 11 is typically used to reorganize a business, which may be a corporation, sole proprietorship, or partnership. A corporation exists separate and apart from its owners, the stockholders. The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the personal assets of the stockholders at risk other than the value of their investment in the company’s stock.
Get Your Questions Answered!
Call Me For Your FREE, 20 Minute Phone Consultation Today! (989) 233-9389