Chapter 11 plan

Chapter 11 plan
The Chapter 11 plan must contain, among other things, a division of the claims into various classes, a description of the treatment of each claim, a comparison of the treatment under the Chapter 11 plan to projected treatment under Chapter 7 (liquidation) and the means for carrying out the plan. Once a plan is proposed and a disclosure statement approved, the plan will be distributed to creditors for voting. The court, in each case, will set rules for the balloting process. (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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