Chapter 11 – Reorganization

E354493

Chapter 11 – Reorganization is a key section of U.S. bankruptcy law that allows businesses (and some individuals) to restructure their debts and operations under court supervision while continuing to operate.

All labels observed (1)

Label Occurrences
Chapter 11 – Reorganization canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf chapter of the United States Bankruptcy Code ⓘ
reorganization bankruptcy procedure ⓘ
administeredBy United States Bankruptcy Courts ⓘ
allows equity interests to be cancelled or modified ⓘ
modification of certain secured debts ⓘ
rejection of burdensome leases ⓘ
sale of assets free and clear of liens with court approval ⓘ
alsoKnownAs Chapter 11 bankruptcy ⓘ
Chapter 11 reorganization ⓘ
appliesTo business entities ⓘ
corporations ⓘ
limited liability companies ⓘ
partnerships ⓘ
some individuals ⓘ
canBeUsedBy high-debt individuals who exceed Chapter 13 limits ⓘ
codifiedIn 11 U.S.C. §§ 1101–1174 and related provisions ⓘ
consequenceOfFailure possible conversion to Chapter 7 liquidation ⓘ
possible dismissal of the case ⓘ
createsStatus debtor in possession ⓘ
distinguishedFrom Chapter 13 wage earner plans ⓘ
Chapter 7 liquidation ⓘ
feature ability to assume or reject executory contracts ⓘ
ability to obtain debtor-in-possession financing ⓘ
appointment of a creditors’ committee in many cases ⓘ
automatic stay of most collection actions ⓘ
disclosure statement requirement for the plan ⓘ
possibility of cramdown over dissenting creditor classes ⓘ
priority scheme for creditor claims ⓘ
governedBy Federal Rules of Bankruptcy Procedure ⓘ
includesVariant Subchapter V for small business debtors ⓘ
jurisdiction United States federal law ⓘ
legalEffect discharge of certain debts upon plan confirmation and completion ⓘ
objective facilitate rehabilitation of financially distressed but viable entities ⓘ
provide orderly process for creditor recovery ⓘ
partOf Title 11 of the United States Code ⓘ
permits debtor to continue operating business during bankruptcy ⓘ
debtor-in-possession control of assets ⓘ
primaryPurpose maximization of value for creditors and the debtor ⓘ
reorganization of debts ⓘ
restructuring of business operations ⓘ
requires court approval of the reorganization plan ⓘ
creditor voting on the plan in most cases ⓘ
filing of a bankruptcy petition ⓘ
submission of a reorganization plan ⓘ
subjectTo oversight by a bankruptcy judge ⓘ
oversight by the United States Trustee ⓘ
timeframe often lasts several months to several years ⓘ
typicalDebtors large corporations ⓘ
small and medium-sized businesses ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Title 11 of the United States Code → contains → Chapter 11 – Reorganization ⓘ