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Chapter 11 allows the business to reorganize.It gives the owner a second chance to produce a money-making business. Not only should you get to know each individual, but you must share details about your individual life as well. Oftentimes to pay these fees, business owners have to cash out their businesses and close the doors. That is as it should be with a caveat-beware of the legal advisers whose eyes light up and who start talking about Chapter 7 bankruptcy as soon as you take a seat in the office.