A petition for a discharge in bankruptcy under Chapter 11 may be filed by

Question

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Chapter 11 bankruptcy is primarily used for reorganization of a business. Therefore, of the options provided, only Pacific Mountain Railroad, a corporation, is a suitable candidate for filing a petition for discharge under Chapter 11 bankruptcy. The other options are an insurance company, a bank, and a credit union, which do not typically operate as businesses that would require reorganization.

A Petition for a Discharge in Bankruptcy Under Chapter 11