For the last month I have been writing weekly about the challenges and issues that surround closing a business that is no longer profitable. I’ve discussed the decision to close, the steps needed to treat employees and trade creditors correctly and issues regarding business withholding and sales tax and personal income tax. I’ve also written about business owners filing a personal chapter 7 bankruptcy to protect the owners from their personal financial obligations related to the business. Last week I wrote about the rare instances in which a business that operates as an LLC or corporation is well-advised to file its own chapter 7 case. This week I will wrap up this business-centric discussion by looking at the situations in which filing a chapter 13 bankruptcy makes sense for a business owner. But first, let’s take a look at the bankruptcy chapter that specifically protects businesses that file bankruptcy - chapter 11.