I have a buddy who wants to take his business elsewhere, he has been in business for several decades but is now way over his head. He has moved all his suppliers outstanding balances to company credit cards and personal loans secured by his business. Will chapter 13 allow him to take most of his depreciated equipment, and not have to pay any of his bussiness debt? Then open under a new name free and clear? Or would Chapter 11 make him keep the business as is but have to repay all his debt over time?