Chapter 11 is very expensive and very complex. It relates to restructuring a business. I don't know any bankruptcy attorneys who would even consider starting a filing without $10,000 and more in retainer.
Speak with a local bankruptcy attorney about your options as Chapter 11 is likely not the best option.
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Chapter 11 is much more expensive. I usually take a 25,000 retainer, and apply it to the monthly billings approved by the Court. As for the second part of your question, not sure how the old note would have been revived. It should only be In Rem.
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