Maybe.

It depends largely on whether the business is feasible and profitable, or can be made so with some changes that can be made through the reorganization process. Chapter 11 is costly in terms of attorney and accountant fees, and also fees that must be paid to the U.S. Trustee's office that oversees the cases. Call for a business bankruptcy consultation, and we will review your case with you and see what the best option would be to solve your business debt problems.