Just for everyone thinking this is a magic wand...
"Does Chapter 11 Really Work?
Reports and studies indicate that about 10 to 15% of Chapter 11 cases result in successful reorganizations. Most cases are dismissed (often by agreement of the parties) or converted to Chapter 7 liquidations. Dismissal or conversion of a Chapter 11 case requires bankruptcy court approval. The bankruptcy court can dismiss or convert a Chapter 11 case for cause, including failure by the debtor to show that it can successfully reorganise."
Chapter 11 Bankruptcy: An Overview | Nolo.com