When small businesses go into bankruptcy, the assumption is that the company is going belly up. It's gone to the Small Business Association in the sky, never to be heard from again. But that's not the way the story has to end.
For businesses that have hit a financial snag but want to keep going, there is Chapter 11. This type of bankruptcy gives you the option to claw your way out of debt.
It's not an easy process, but if you want your business to soldier on, Chapter 11 may give you that opportunity. You just have to decide if it's right for you.