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|company chapter 11 bankruptcy explained||1.85||0.8||1143||71|
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If the company owes you any wages when it files Chapter 11 bankruptcy, as long as you continue in the company's employ, your paychecks should not be interrupted. The company will seek permission from the court to continue paying its employees as long as it continues doing business.Why to file an individual Chapter 11 bankruptcy?
Why File an Individual Chapter 11 Traditionally, people filing Chapter 11 bankruptcy do so because they have exceeded the debt limits for a Chapter 13 bankruptcy. For instance, many celebrities and professional athletes are required to file a Chapter 11 rather than a Chapter 13 because they have far too much secured and unsecured debt.