Chapter 11 bankruptcy can be a useful tool to buy time to pay your creditors.
Years ago when he refinanced his loan, he signed all documents requested at the closing. One of the documents was a "Waiver of Right to an Attorney". Another was a "Confession of Judgment". He didn't really understand what it meant.
They filed for bankruptcy with another attorney to stop collection efforts on three judgments entered against them. They expected that all judgments were taken care of. Their original attorney never let them know that the judgment had become liens which would survive bankruptcy, or that there existed a separate procedure for eliminating the liens.