Chapter 11: Difference between revisions

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* [[Insolvency]]
* [[Insolvency]]
* [[United States]]
* [[United States]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

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.


See also