Chapter 11 for the Smaller Guys. Until very recently, filing for Chapter 11 reorganization was a tool for larger businesses since the process is expensive and time consuming while the Debtor corporation seeks to negotiate deals with suppliers, utilities, service providers and other creditors. However, on February 19, 2020, the Small Business Reorganization Act

First, do no harm.  The shutdown of businesses by government order was sudden.  Most companies were unprepared.  Decisions made quickly that are not carefully thought through can create liability down the road that make it harder to turn the company around once businesses start operating again.  For instance, the Workers Adjustment and Retraining Notification Act