Chapter 11 of the bankruptcy statutes pertains only to voluntary liquidations and reorganizations.

Question

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Chapter 11 of the bankruptcy statutes allows for the reorganization of a debtor's business affairs, debts, and assets, and it is not limited to voluntary liquidations; it can also be used for involuntary cases and does not solely focus on liquidation but rather on reorganizing the debtor's financial structure to allow the business to continue operating.

Chapter 11 of the Bankruptcy Statutes Pertains Only to Voluntary