Chapter 11 and Confirming house: Difference between pages

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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)
 
imported>Kmacharla
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''US insolvency law''
A financial intermediary which assists with shipment of exports and guarantees prompt payment.
 
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 ==
* [[Administration]]
* [[Examinership]]
* [[Going concern]]
* [[Liquidation]]
* [[Receivership]]
* [[Insolvency]]
* [[United States]]

Revision as of 10:15, 7 June 2013

A financial intermediary which assists with shipment of exports and guarantees prompt payment.

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