Chapter 11


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Chapter 11

n.
1. The chapter of US bankruptcy law by which insolvent businesses may reorganize under court supervision without ceasing business activity or liquidating their assets.
2. The condition in which a business may continue to operate in accordance with this law.

chapter 11

n
(Law) US the statute regarding the reorganization of a failing business empowering a court to allow the debtors to remain in control of the business to attempt to save it: they are in chapter 11.
[C20: from chapter 11 of the Bankruptcy Reform Act (1978)]

Chapter 11

or Chapter XI,


n.
a section of the U.S. Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision.
References in periodicals archive ?
What purports to be a case study of three companies that filed for Chapter 11 is mostly an anguished personal account of what happened to the author's own company, Stein and Day Publishers, after it was forced to seek protection from its creditors.
com/reports/c50687) has announced the addition of Video Leadership Seminars: Structuring and Negotiating Acquisitions and Sales of Companies in Chapter 11 Bankruptcy with Dennis Drebsky of Nixon Peabody LLP to their offering.
exited Chapter 11 bankruptcy in May in a stronger position to compete in a difficult marketplace.
As shown by the AOC data, Chapter 11 filings are rare due to their cost and complexity.
The SOP's applicability to entities that emerge from reorganization under chapter 11 of the Bankruptcy Code and fail to meet the criteria for fresh-start reporting.
1990], the liquidating trustee in a Chapter 11 case did not file Federal tax returns.
Filing a Chapter 11 petition also helps your company deal with trade creditors.
Under the settlement, the secured claim is the only allowed claim that Countryside will have in the Chapter 11 case.
On October 11, ABC-Naco and its subsidiaries voluntarily filed for reorganization under Chapter 11.
today announced the voluntary filing of a Chapter 11 petition for reorganization under the federal bankruptcy laws.
ACCOUNTING FOR COMPANIES IN CHAPTER 11 REORGANIZATION
Emergence from Chapter 11 Anticipated on February 12, 2007