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Chapter 11 noun. Save Word. Definition of Chapter Examples of Chapter 11 in a Sentence Recent Examples on the Web This one belongs to OneWeb, which, according to a report in the Financial Times, is preparing to file for chapter 11 bankruptcy protections and lay off most of its staff. Bankruptcy Court in Dallas. First Known Use of Chapter 11 , in the meaning defined above. Bankruptcy Basics. Types of Bankruptcy. Personal Bankruptcy. Corporate Bankruptcy. Bankruptcy: Your Legal Rights.
Bankrupty Terms C-I. Bankrupty Terms J-Z. What Is Chapter 11? Key Takeaways Chapter 11 is the most complex form of bankruptcy proceeding. A Chapter 11 bankruptcy allows a company to stay in business and restructure its obligations. If a company filing for Chapter 11 opts to propose a reorganization plan, it must be in the best interest of the creditors. If the debtor does not suggest a program, the creditors may propose one instead. Many major corporations, including General Motors and K-Mart, have used Chapter 11 bankruptcies as an opportunity to restructure their debts while continuing to do business.
What Are the Chapters of the U. Bankruptcy Code? Are There Advantages to Filing Chapter 11? What Are the Disadvantages of Filing Chapter 11? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
Related Terms Bankruptcy Definition Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts. Bankruptcy Court Bankruptcy court is a specific kind of federal court that deals with bankruptcy. Bankruptcy Trustee A bankruptcy trustee is a person appointed by the United States Trustee to represent the debtor's estate during a bankruptcy proceeding.
Liquidation: What You Need to Know Liquidation is the process of bringing a business to an end and distributing its assets to claimants, which occurs when a company becomes insolvent. As Kibler said, a company needs to have a really good reason to reorganize — a good reason to exist — and the rise of e-commerce has made retailers with massive store presences obsolete. Second chances may be a beloved American ideal, but so is innovation and the growing pains that come with it.
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Sarah Lawrence for Vox. Reddit Pocket Flipboard Email. The Goods Is there a Thanksgiving turkey shortage? An investigation. Sign up for the newsletter Sign up for The Weeds Get our essential policy newsletter delivered Fridays. This is one of the most striking manifestations of the better side of child-nature and deserves a chapter to itself. In the next chapter he gives his twelve disciples authority over demons. In the preceding chapter an examination has been made of the purely mechanical side of the era of machine production.
You may read the horrible story for yourselves in the third chapter of the Second Book of Kings. Of the railway mania period I have spoken in a previous chapter.
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