Chapter 11 bankruptcy is another type of reorganization bankruptcy (like Chapter 12 or Chapter 13) but is typically used by financially struggling businesses to reorganize their affairs. It is also available to individuals, but because Chapter 11 bankruptcy is very expensive and time-consuming, it is generally used only by those whose debts exceed the Chapter 13 bankruptcy limits (up to $1,081,400 in secured debt and $360,475 in unsecured) or who are trying to hold on to substantial nonexempt assets (such as several pieces of commercial or investment real estate). If you are considering Chapter 11 bankruptcy, you will need to talk to an experienced lawyer who is an expert in Chapter 11 cases.