A ________ bankruptcy provides a small firm a second chance;it protects a firm from creditors while a reorganization plan is formulated.

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Chapter 11 bankruptcy allows a small firm to reorganize and restructure its business while protected from creditors during this process. This can often lead to a successful turnaround and give the firm a second chance. Chapter 7 and Chapter 13 bankruptcies do not provide the same opportunities for reorganization and are typically used in different circumstances. Chapter 21 is not a valid bankruptcy option.

A ________ Bankruptcy Provides a Small Firm a Second Chance;it