Chapter 11
Chapter 11
reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms)

A reorganization proceeding in which the debtor may continue in business or in possession of its property as a fiduciary (SA-Bankruptcy.com)

Chapter 11 is the reorganization chapter of the bankruptcy code in which a debtor seeks to rehabilitate and reorganize its financial structure. The goal of Chapter 11 is to propose a plan that is accepted by a vote of the creditors or is approved by the Judge despite rejection by the creditors.
also see plan, cramdown (Bernstein's Dictionary of Bankruptcy Terminology)

A reorganization bankruptcy, 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.) (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.

chapter 11
Chapter 11 is the reorganization chapter of the bankruptcy code in which a debtor seeks to rehabilitate and reorganize its financial structure. The goal of Chapter 11 is to propose a plan that is accepted by a vote of the creditors or is approved by the Judge despite rejection by the creditors. also see Plan, Cramdown

US Bankruptcy 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • Chapter 11 — ist ein Abschnitt des Insolvenzrechts der Vereinigten Staaten (engl.: US bankruptcy code). Der Begriff bezeichnet in der angelsächsischen Finanz und Rechtssprache die Insolvenz eines Unternehmens. Inhaltsverzeichnis 1 Inhalt 2 Der Sinn von… …   Deutsch Wikipedia

  • Chapter 11 — chap·ter 11 n: chapter 11 of the U.S. Bankruptcy Code see also bankruptcy code in the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Chapter 11 — a part of the US ↑bankruptcy laws that allows a company with financial problems to reorganize itself so that it will not be forced to close down ▪ Our competitor has filed for Chapter 11. ▪ Chapter 11 proceedings …   Dictionary of contemporary English

  • chapter 11 — ☆ chapter 11 or chapter XI n. a proceeding under the Federal Bankruptcy Act whereby a company or corporation may, through a court order, remain in business for a time as long as it pays current debts, but must eventually reorganize and pay its… …   English World dictionary

  • Chapter 11 — Provisions of the Bankruptcy Reform Act ( bankruptcy) under which the debtor firm is reorganized by a court because the estimated value of the reorganized firm exceeds the expected proceeds from its liquidation. Bloomberg Financial Dictionary * * …   Financial and business terms

  • chapter 11 — noun or chapter 11 bankruptcy Usage: usually capitalized C Etymology: from Chapter 11 of the United States Bankruptcy Code : bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization declared Chapter 11 …   Useful english dictionary

  • Chapter 11 — Named after the U.S. bankruptcy code 11, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor s business affairs and assets. It is generally filed by corporations which require time to restructure their debts. Chapter 11… …   Investment dictionary

  • Chapter 11 — noun Date: 1970 bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization < filed for Chapter 11 > …   New Collegiate Dictionary

  • Chapter 11 — A statute of the 1978 U.S. Bankruptcy Reform Act. Chapter 11 protection allows an organization or individual to attempt to restructure and reorganize, to minimize the effects of a bankruptcy Spectacular Chapter 11 filings in recent years have… …   Auditor's dictionary

  • Chapter 11 — noun (in the US) protection from creditors given to a company in financial difficulties for a limited period to allow it to reorganize. Origin with allusion to chapter 11 of the US bankruptcy code …   English new terms dictionary

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