Tag Archives: Chapter 11

Bankruptcy Chapter 11 Information

by Jeff Wellington on 11. Nov, 2009 in Chapter 11

Chapter 11 Bankruptcy — An individual may file under chapter 11; however, the provisions of chapter 11 are generally used to reorganize a business. Chapter 11 allows the debtor to continue its business operations by means of a plan of reorganization, which must meet certain statutory criteria. 11 U.S.C. §1129. By enacting chapter 11, Congress [...]

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