Bankruptcy at a glance: chapter 11 | FVS at a glance
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Bankruptcy at a glance: chapter 11 | FVS at a glance

4 months ago · 6 min read

Bankruptcy filings are legal actions undertaken to protect or preserve assets of a debtor entity through either reorganization or orderly liquidation. A Chapter 11 filing refers to a bankruptcy petition filed under Chapter 11 of the United States Bankruptcy Code (the “Code”).

Parties filing under Chapter 11 are generally seeking to reorganize and continue the debtor’s operations paying creditors over time, whereas parties that intend to cease a debtor’s operations and liquidate its assets generally file Chapter 7. Chapter 11

Download the Bankruptcy at a glance chapter-11

File name: bankruptcy-at-a-glance-chapter-11.pdf

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