In corporate bankruptcy cases, individual stockholders are protected from vulnerability, but if you are the sole owner of a small business, be aware that your personal assets may be vulnerable, as well as your business concerns.
If you can foresee a successful turnabout for the future of your business, chapter 11 is your best option, even though it can take longer to resolve your debt through reorganization. Your Lone tree CO bankruptcy lawyer may help to facilitate the proceedings by convincing the court to suspend the lengthy disclosure statement.