The part of the U.S. Bankruptcy Code describing how a company or creditor can file for court protection. In the case of a corporation, reorganization occurs under the existing management.
Allows for a plan of reorganization and full or partial payment of debts.
A Federal Bankruptcy Act where a debtor can mainta... more
Reorganization of a corporate entity. Long term payout of outstanding creditors.
The most common form of bankruptcy, this action frees a company from the threat of creditors' lawsuits while it reorganizes its finances. The debtor's reorganization plan must be accepted by a majority of its creditors. Unless the court rules otherwise, the debtor remains in control of the business and its assets.
A proceeding under the Federal Bankruptcy Act whereby a debtor may, through a court order, remain in possession of its business (and control its operation) for a time (as long as it pays its current debts). It also makes possible the negotiation of payment schedules and the restructuring of debt. The debtor must eventually reorganize and pay its creditors, or cease operations
Bankruptcies filed under Chapter 11 of the Bankruptcy Code are mostly used by businesses. You may continue to operate your business, but the creditors and court must approve a repayment plan. No trustee is appointed.
A reorganization by a business allowing the debtor to maintain operating control of the business while restructuring debts and working out a repayment schedule acceptable to the creditors. This is also referred to as "debtor in possession".
Usually a business bankruptcy aimed at giving troubled businesses a chance at survival by reorganization with certain protections of the court.
the chapter of the Bankruptcy Code allowing an insolvent business, or one that is threatened with insolvency, to reorganize itself under court supervision while continuing its normal operations and restructuring its debt; although the Code does not expressly prohibit the use of Chapter 11 by an individual nonbusiness debtor, the vast majority of Chapter 11 cases involve business debtors.
This is a reorganization bankruptcy. It is filed by companies or partnerships. A debtor filing for bankruptcy under Chapter 11 generally proposes a reorganization plan to keep the business alive and make it profitable and pay creditors over a period of time.
A reorganization proceeding primarily for business corporations and individuals with large debts.
revised and reorganized to enhance and emphasize lives and lifestyle of slaves and their experience of slavery.
The operating chapter of the bankruptcy code whereby significant enterprises reorganize.
Bankruptcy whereby a business sets up a plan with their debtors to pay back their debts under a repayment plan administered by the court.
This chapter is a reorganization chapter where a debtor seeks to rehabilitate and reorganize its financial structure. This plan is normally used by businesses but can be filed by an individual debtor.
Chapter of the Bankruptcy Code addressing financial reorganization and protection for businesses. Chapter 11 is designed to give businesses the chance to continue operations and gain relief from unmanageable debt. up
In this type of bankruptcy debts are reorganized. Although individuals may file Chapter 11, this chapter is usually used by businesses.
Is a chapter in the North American Free Trade Agreement ( NAFTA) that deals with foreign direct investment. This chapter has become very controversial because of a provision that established a member country system of private arbitration for foreign investors to bring injury claims against governments. These so called "investor-state" cases are litigated in special international arbitration bodies, which are closed to public participation, observation and input. Written to protect foreign investors from governments seizing their property, corporations have stretched NAFTA's Chapter 11 to undermine government decisions made to protect public health, the environment and local communities. [This should not be confused with Chapter 11 of the US bankruptcy code.
In the US a company can file for protection under Chapter 11 of the bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganize the business.
a reorganization (usually by a corporation) in which the debtor continues as a "debtor is possession" and proposes a plan which must be accepted by the debtor's 20 largest creditors.
A reorganization bankruptcy, usually involving a corporation or partnership.
That portion of the Federal Bankruptcy code that deals with business reorganizations. Chapter 7 is that part of the Federal Bankruptcy code that deals with business liquidations.
Normally, a Chapter 11 proceeding is a reorganization proceeding. The debtor continues to operate its business after the bankruptcy is filed. Chapter 11 liquidations are commonplace, and usually result from a unsuccessful reorganization attempt.
A legal status for corporations in the United States that are half-way to bankruptcy. Companies can seek legal protection from their creditors under Chapter 11 of the 1978 Bankruptcy Act. This gives them some time to work out an acceptable solution to their financial difficulties.
A debtor (business, individual, or partnership) is declared bankrupt, but is allowed reorganization to attempt debt repayment. Creditor approval is required. A separate taxable entity is created.
The chapter of the Bankruptcy Code providing (generally) for reorganization, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)
Debt reorganization of bankrupt businesses
A reorganization proceeding in which the debtor may continue in business or in possession of its property as a fiduciary. A confirmed Chapter 11 plan provides for the manner in which the claims of creditors will be paid in whole or in part by the debtor.
The part of the Bankruptcy Code that provides for reorganization of a bankrupt company's assets.
The section of the U.S. Bankruptcy Code which describes how a company or creditor can file for protection from the court. For a corporation, reorganization occurs under the existing management.
reorganization proceedings, generally for business entities; the debtor maintains control of the business in Chapter 11 (unless the Court appoints a trustee).
A Federal Bankruptcy Act where a debtor can maintain control of its business and operations, under court supervision, as long as current debts remain paid.
A financial reorganization of a business.
A type of bankruptcy that allows the debtor to maintain operating control of the business while restructuring and reorganizing debts, and creating an acceptable debt-payment plan. Also known as "debtor in possession."
A reorganization bankruptcy that involves a corporation or partnership. It keeps a business alive under a plan of reorganization. Many businesses emerge from Chapter 11 without having to liquidate.