Chapter 11

(redirected from Chapter 11 bankruptcy)
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Chapter 11

(US) part of the Bankruptcy Reform Act of 1978 that allows an alternative to liquidation under Chapter 7. The business is preserved as a going concern. There is usually no trustee, and the business maybe conducted by a committee of creditors. The debtor is given 120 days to submit a plan for liquidation or reorganization. All significant decisions need to be approved by the Bankruptcy Court. For the UK process of administration, see ADMINISTRATOR.
References in periodicals archive ?
com/aeropostale-arop-files-chapter-11-bankruptcy-protection-2363793) AAaAaAeA@ropostale (AROP) Files For Chapter 11 Bankruptcy Protecti
The day before the Patels filed individual bankruptcy reorganization, one of their companies, Texarkana Hotels LLC, the holding company for the convention center, filed Chapter 11 bankruptcy, claiming between $1 million and $10 million in assets and liabilities and between one and 49 creditors.
The automaker filed for Chapter 11 bankruptcy protection on April 30, 2009.
Seven Agway employees who earlier shared bonuses totaling $546,000 for helping the cooperative prepare chapter 11 bankruptcy papers last fall, will have to repay them from future bonuses.
has filed for Chapter 11 bankruptcy protection, the company announced last week.
DENVER -- Creditors whose debtors file for Chapter 11 bankruptcy have operated at a disadvantage.
A creditor of Jonesboro developer Bruce Burrow is demanding that his Chapter 11 bankruptcy reorganization be converted to a Chapter 7 liquidation or tossed out.
exited Chapter 11 bankruptcy in May in a stronger position to compete in a difficult marketplace.
On July 1, 2002, the debtor filed a Chapter 11 bankruptcy petition.
Boeing has reportedly agreed to support an extended timetable for Hawaiian Airlines to emerge from Chapter 11 bankruptcy protection.
The hospital has been operating under Chapter 11 bankruptcy since November.
Proposed rules for small businesses reorganizing under a Chapter 11 bankruptcy would increase reporting requirements, heighten supervision, shorten deadlines and apply to all businesses with unsecured debts of $5 million or less.