what are the disadvantages of filing chapter 11 
chapter 11 bankruptcy is the most complex of all bankruptcy types it is also usually the most expensive for a company that is struggling to the point where it is considering filing for bankruptcy the legal costs alone might be onerous plus the reorganization plan has to be approved by the bankruptcy court and must be manageable enough that the business can reasonably pay off the debt over time the bottom linechapter 11 can allow a business that is experiencing serious financial difficulties to regroup and get back on track however it is complex costly and time consuming for these reasons a company should consider chapter 11 reorganization only after exploring other possible alternatives 