creditors’ committee

creditors’ committee. Bankruptcy. A committee comprising representatives of the creditors in a Chapter 11 proceeding, formed to negotiate the debtor’s plan of reorganization. • Generally, a committee has no fewer than 3 and no more than 11 members and serves as an advisory body. 11 USCA § 1102. [Cases: Bankruptcy 3024. C.J.S. Bankruptcy §§ 193, 373.]

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词条贡献者

译员Dennis，毕业于英国顶尖的高级翻译学院，专注翻译各种与高管退休金和员工福利有关的法律文件。