Chapter 11 (reorganization) bankruptcy

Chapter 11 (reorganization) bankruptcy

Black's law dictionary. . 1990.

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  • Chapter 11 (reorganization) bankruptcy — See bankruptcy proceedings (business reorganizations) …   Black's law dictionary

  • 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

  • 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 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 11 bankruptcy — A reorganization bankruptcy, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time (BANKRUPTCY DICTIONARY OF TERMS)/. United Glossary… …   Glossary of Bankruptcy

  • Bankruptcy Reform Act of 1978 — the first substantive bankruptcy code revision since the Chandler Act of 1938. It took effect on October 1, 1979 and some of the major elements of this act were as follows: upgrading the jurisdiction of the U.S. bankruptcy courts to deal with… …   Glossary of Bankruptcy

  • General Motors Chapter 11 reorganization — The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the… …   Wikipedia

  • Chrysler Chapter 11 reorganization — See also: History of Chrysler, Automotive industry crisis of 2008 2009, Chrysler, and Cerberus Capital Management Chrysler LLC and twenty four of its affiliated subsidiaries filed a consolidated petition for bankruptcy on April 30, 2009,… …   Wikipedia

  • reorganization — the resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan… …   Glossary of Bankruptcy

  • chapter — the Bankruptcy Code is organized into Chapters. Except for Chapter 12, the Chapters of the present code are all odd numbered and are enumerated with Arabic numerals. (Before the Bankruptcy Reform Act of 1978, the Chapters were numbered with Roman …   Glossary of Bankruptcy

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