Commercial Paint Company (CPC) is having cash flow problems. For the first time in years, it owes Wet Paint, Inc. (WPI) $20,000.00 which is past due. WPI is one of several creditors with whom CPC has past due debts. CPC wants to reorganize and voluntarily file a petition in bankruptcy to get relief while continuing to do business. Under which Chapter of the Bankruptcy Code would CPC file its voluntary petition in bankruptcy?

(i) Chapter 7, or (ii) Chapter 11