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yes you can use chapter 11 for a
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liquidation where you as the business
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owner are in control of the process as
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opposed to a trustee coming in
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liquidating you as the business owner
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determine the schedule and the process
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of that liquidation so you may be
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selling off some real property some
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non-real property which we call personal
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property you may be
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selling different types of assets all in
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the in the hopes of maximizing value of
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the remaining parts to pay back some
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creditors pay back possibly Equity but
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it’s all a controlled process and we
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actually use this frequently when a
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company wants to wind down but it has
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valuable assets that are still there in
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the company and at the same time where a
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business owner does not want to
1:00
relinquish control to a trustee