Chapter 11 bankruptcy is bankruptcy aimed at reorganizing and is available to individuals and businesses. Unlike chapter 7, the debtor remains in control of business operations under chapter 11 and does not pursue selling off all of its assets. Chapter 11 can effectuate the survival of a business which can emerge healthy and viable for the long term. The goal of businesses filing a chapter 11 is to change the debts structures and terms like interest rates and payments to creditors