Sear Enterprises wants to continue in business,but needs some relief from creditors' claims.Sear Enterprises should consider filing under Chapter ________ of the Bankruptcy Code.

Question

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Chapter 11 of the Bankruptcy Code is designed for businesses or individuals with significant debts, and allows for reorganization of debts while the business remains in operation. This would be the best option for Sear Enterprises, as it wants to continue in business but needs relief from creditors' claims. Chapters 7, 12, and 13 are designed for different types of debtors and would not be appropriate for this situation.

Sear Enterprises Wants to Continue in Business,but Needs Some Relief