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 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.



A Chapter 11 reorganization is the most complex of all bankruptcy cases and generally the most expensive. It should be considered only after careful analysis and exploration of all other alternatives.



An Overview Of Corporate Bankruptcy - As soon as you invest in a company, you face this risk. Find out what it means.

GE Commercial Finance - The only chapter 11 bankruptcy expert part of a Fortune 5 industrial giant.
Related Terms

Bankruptcy

Chapter 7

Discharge in Bankruptcy

Prepackaged Bankruptcy

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