Chapter 11: Difference between revisions
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imported>Doug Williamson (Create page. Source: US government webpage http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics) |
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Revision as of 18:20, 5 November 2017
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.
