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Open in new window 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 2596
Material Type Written Material

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