Chapter 11 bankruptcy refers to corporations and companies … These are 3 Chapter 11 benefits… FIRST, it allows the business to continue operating, in instead of closing. Far from being the end of the business, it is a legal tool that allows you adapt and modify its business model, this, in order to make the business is successful. In fact, this chapter, if used wisely, can be a competitive advantage over other companies in the medium and long term … SECOND, you It allows the company to re-negotiate or even eliminate contracts. That is You can reject or modify contracts that are not favorable to you, with all kinds of suppliers and unions, which, when seeing the possibility of viewing their contracts eliminated, they are much more motivated to change terms that were not previously negotiable … THIRD, allows you to defer, eliminate or re-negotiate debts, which is very attractive for companies that are losing money for having to do many payouts … Chapter 11 has many angles and options, if you want to get more information on Chapter 11 Bankruptcy for your business, call today my office for a free consultation.