Bankruptcy: Chapter 11 Reorganizations
Phillip L Kunkel and Jeffery A. Peterson ( June, 2015 )
Summary
Most people assume bankruptcy means liquidating all a debtor´s nonexempt assets and distributing the proceeds among creditors. But the bankruptcy laws also provide for rehabilitating the debtor. Chapter 11 allows a debtor to enter into an agreement with creditors under which all or a part of the business continues. The debts of the business are restructured so as to allow the debtor to continue business operation.
Details
| Organization | University of Minnesota Extension |
| Publisher | University of Minnesota |
| Publication Date | June, 2015 |
| Publication Views | 2703 |
| Material Type | Written Material |
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