Chapter 11

Cases under this chapter are available to individuals or companies looking to restructure debt. In the case of individuals with over $1,000,000.00 in secured debt, or $350,000 in unsecured debt, a chapter 13 may not be available as an option, so chapter 11 offers alternatives to allow such individual to restructure debts. Companies are not able to file cases under chapter 13, and often seek relief under chapter 11. These cases can be complex, such as those of General Motors, or much less so depending on the circumstances.