8/26/2023 0 Comments Disposition define financeIn addition, individual debtors who have regular income may seek an adjustment of debts under chapter 13 of the Bankruptcy Code. Sole proprietorships may also be eligible for relief under chapter 13 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensive reorganization. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation.
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