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Can businesses in Chapter 11 bankruptcy still obtain credit?

chapter 11 obtain bankruptcy

Our Professional Answer:

In a Chapter 11 bankruptcy, you’re still operating, and that means that you still may need to obtain credit. The difference in Chapter 11 is before you can be granted credit by a new creditor you must go to court and you must get approval after notice in a hearing to all of your other creditors. Credit is available but you’ll find in a Chapter 11 that it’s more expensive than typically.