Chapter 11 is the type of bankruptcy that results in:

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Chapter 11 bankruptcy is also known as reorganization bankruptcy. This type of bankruptcy allows businesses to restructure their debts and operations while continuing to operate. It is often used by companies that want to remain in business but are struggling with financial difficulties. The company can negotiate with creditors to restructure their debts and reduce their financial obligations, allowing them to stay afloat and continue operating.

Chapter 11 Is the Type of Bankruptcy That Results In