To adjust debt and institute a repayment plan, Q.T. Café, a small business, may file a petition in bankruptcy under the Bankruptcy Code's Chapter

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Chapter 13 of the Bankruptcy Code is designed specifically for individuals with regular income who need to restructure their debts and establish a repayment plan. However, it applies to small businesses as well, allowing them to reorganize their debts and pay them back over a period of three to five years. Chapter 7 is a liquidation bankruptcy, while Chapter 11 is predominantly used by larger businesses to reorganize their debts. Chapter 12 is reserved for family farmers and fishermen.

To Adjust Debt and Institute a Repayment Plan, Q