Big 4 and Chapter 11: Difference between pages
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''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. | |||
== See also == | == See also == | ||
*[[ | * [[Administration]] | ||
*[[ | * [[Examinership]] | ||
*[[ | * [[Going concern]] | ||
*[[ | * [[Liquidation]] | ||
*[[ | * [[Receivership]] | ||
*[[ | * [[Insolvency]] | ||
* [[United States]] | |||
[[ | |||
Revision as of 07:14, 28 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.
