Chapter 11
The chapter of the Bankruptcy Code providing for "reorganization" of the business debtor’s financial circumstances. The debtor usually maintains control of the business in Chapter 11, but the Court can appoint a trustee. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. Individuals can also seek relief in chapter 11 if their debts are too great for Chapter 13.