Accordingly it owes a fiduciary duty to its creditors. This fiduciary duty may sometimes conflict with the interests of management. If necessary, these other entities must have other counsel. This is not a particularly common occurrence but one which all concerned should be aware of. Costs and Fees Chapter 11 cases are expensive .
Attorneys fees are usually much higher.
Since a chapter 11 debtor becomes a major consumer of its attorney's time, the fees are much higher than other chapters of the bankruptcy code. If you are a small business, discuss with your attorney the possibility of a chapter 13 . Chapter 13 is generally much less expensive than a chapter 11 because the attorney's time is less. However, a creative attorney may be able to explain how a business may fit into the chapter 13 parameters.