bankruptcy, Chapter 11
n.
Business reorganization in which a court supervises an insolvent business while it continues to operate and comes up with a plan for reorganization.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • bankruptcy, Chapter 7 — n. Straight bankruptcy; a proceeding that liquidates property, pays off debts, and leaves the debtor discharged. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • bankruptcy, Chapter 12 — n. A proceeding to allow for family farmers and fisherman to create a repayment plan to pay off debts over a specified period of time while being supervised by the court. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks …   Law dictionary

  • bankruptcy, Chapter 13 — n. A proceeding that lets a borrower with enough income pay off bills over a specified period of time while being supervised by the court. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell.… …   Law dictionary

  • Chapter 13 — bankruptcy proceedings for an individual with the intention of rescheduling the individual s debt (rather than liquidating the individual s assets and debt; an individual files under Chapter 7 to liquidate), Chapter 13 is referred to as… …   Glossary of Bankruptcy

  • Chapter 7 — liquidation proceedings; generally assets are sold by a trustee and the company ceases operation. Individuals may file Chapter 7 also (Glossary of Common Bankruptcy Terms) A liquidation proceeding available to individuals, married couples,… …   Glossary of Bankruptcy

  • Chapter 11 — reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms) A reorganization proceeding in which the debtor may …   Glossary of Bankruptcy

  • bankruptcy trustee — A private individual or corporation appointed in all chapter 7, chapter 12, and chapter 13 cases to represent the interests of the bankruptcy estate and the debtor s creditors (SA Bankruptcy.com) A private individual or corporation appointed in… …   Glossary of Bankruptcy

  • Chapter 12 — family farmer bankruptcies. This was created by Congress in 1986 (Chapter 12 became effective on November 26, 1986). Only a family owned farm business can qualify for Chapter 12 and it must have debt less than $1.5 million and have 50% of its… …   Glossary of Bankruptcy

  • Chapter 9 — is similar to Chapter 11 but is limited to municipalities and public agencies. (Bernstein s Dictionary of Bankruptcy Terminology) bankruptcies of municipalities; only a few of these are filed each year; over the period 1993 through 2002 there… …   Glossary of Bankruptcy

  • Chapter 7 trustee — a person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate and the unsecured creditors (Glossary of Common Bankruptcy Terms) A person appointed in a chapter 7 case to represent the interests of the bankruptcy… …   Glossary of Bankruptcy

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