chapter 11

Chapter 11.

1. The chapter of the United States Bankruptcy Code allowing an insolvent business, or one that is threatened with insolvency, to reorganize its capital structure under court supervision (and subject to creditor approval) while continuing its normal operations. • Although the Code permits individual nonbusiness debtors to use Chapter 11, the vast majority of Chapter 11 cases involve business debtors. [Cases: Bankruptcy 3501. C.J.S. Bankruptcy § 368.]

2. A business reorganization conducted under this chapter; REORGANI-ZATION(1).


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译者Anne,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与投资顾问法联邦及地方注册相关的法律文件。
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