Chapter 11 Bankruptcy is a form of bankruptcy that involves a reorganization of a debtor’s business affairs and assets. It is generally filed by corporations, which require time to restructure their debts. Chapter 11 gives the debtor a fresh start, subject to the debtor’s fulfillment of its obligations under its plan of reorganization. Chapter 11 may also be an option for those non-business debtors who may not qualify for Chapter 13.