It's pretty obvious to me that Kevin Douglas & Trust have lost a lot of money and may soon lose everything. JMHO
To some extent, Chapters 11 and 13 are similar. Both types of bankruptcy allow debtors to continue in business and propose plans to restructure their finances. Subject to legal requirements and limitations, a Chapter 11 or 13 plan can:
allow you to retain property needed to operate your business
give you time to sell assets you no longer need or cannot afford to keep
modify payment terms on secured debts (like real property mortgages or equipment loans), and
discharge (or in other words, eliminate) obligations that you cannot pay over the plan term.
Most small business owners, when possible, choose Chapter 13 over Chapter 11. Chapter 11 can provide more flexibility, but it usually costs too much money and takes too much time to be a realistic option for small business owners.
Is QTWW a "small business?"
Trying to pump PPS up a little.