Chapter 11


Chapter 11
Chapter 11
reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms)

A reorganization proceeding in which the debtor may continue in business or in possession of its property as a fiduciary (SA-Bankruptcy.com)

Chapter 11 is the reorganization chapter of the bankruptcy code in which a debtor seeks to rehabilitate and reorganize its financial structure. The goal of Chapter 11 is to propose a plan that is accepted by a vote of the creditors or is approved by the Judge despite rejection by the creditors.
also see plan, cramdown (Bernstein's Dictionary of Bankruptcy Terminology)

A reorganization bankruptcy, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.) (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.

chapter 11
Chapter 11 is the reorganization chapter of the bankruptcy code in which a debtor seeks to rehabilitate and reorganize its financial structure. The goal of Chapter 11 is to propose a plan that is accepted by a vote of the creditors or is approved by the Judge despite rejection by the creditors. also see Plan, Cramdown

US Bankruptcy 2012.


Glossary of Bankruptcy.

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