Chapter 11 - Bankruptcy Basics - United States Courts
A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and …
Chapter 11 - Bankruptcy Basics | District Court for the Northern ...
A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and …
Bankruptcy Basics - United States Courts
Find information about bankruptcy laws, including answers to some of the most frequently asked questions. These videos will give you basic information about the process, the relief it offers, …
What is a Chapter 11? | Northern District of Illinois | United States ...
Answer: It is the chapter of the Bankruptcy Code that usually involves a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its …
Chapter 7 - Bankruptcy Basics - United States Courts
Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by …
Chapter 13 - Bankruptcy Basics - United States Courts
This chapter discusses six aspects of a chapter 13 proceeding: the advantages of choosing chapter 13, the chapter 13 eligibility requirements, how a chapter 13 proceeding works, …
Understanding Bankruptcy | District of Arizona | United States ...
Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation. These procedures are covered under Title 11 of …
What is the difference between Chapters 7, 11, 12 and 13?
Chapter 11 allows a business to reorganize and restructure its finances so that it may continue to operate, provide employees with jobs, pay its creditors, and produce a return for its …
Process - Bankruptcy Basics - United States Courts
Therefore, the final chapter of this publication is a glossary of Bankruptcy Terminology which explains, in layman's terms, most of the legal concepts that apply in cases filed under the …
Filing a Chapter 11 Case - United States Courts
Because there are many complicated issues that may come up in a bankruptcy case, individuals may wish to hire an attorney who is allowed to practice in this bankruptcy court.