Chapter 11: Difference between revisions
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* [[Insolvency]] | * [[Insolvency]] | ||
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Latest revision as of 10:11, 11 July 2018
US insolvency law.
Chapter 11 of the US Bankruptcy Code.
Chapter 11 is designed to allow a financially stressed business temporary protection from its creditors, in order to provide an opportunity for recovery.
A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive, and pay its creditors over time.