Chapter 11 Bankruptcy

Last Updated: Jun 6, 2019

Created By :

Last Edited By :

Created On :

Chapter 11 of the Bankruptcy Code generally provides 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.

See link below from the United States Courts website detailing Chapter 11 Bankruptcy.

http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics