Chapter 11 Bankruptcy is when a business has a significant amount of debt that wants to reorganize. This is more business only, unlike the chapter 13, which is for the individual. br br Spalding & Spalding is a law firm located in Louisville, KY that practices Bankruptcy Law, Estate Settlement, Wills and Trusts. For more information on Spalding & Spalding, please visit br 2950 Breckenridge Ln.