Chapter 11 Bankruptcy

This type of bankruptcy requires a business to enter into an agreement with the court for a repayment plan over a set period of time before its debts can be discharged. While businesses can remain in operation throughout Chapter 11, the court will have a say in operational and financial matters.

(Different than Chapter 7 Bankruptcy)

Back to Dictionary

Search..

Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Quick Glossary

Contact Us