Chapter 11 - Restructuring and Reorganization - Parry Tyndall White
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Chapter 11 – Restructuring and Reorganization

Chapter 11 is designed to let struggling businesses restructure their finances while they continue to operate their business and manage their debt.

 

Chapter 11 of the Bankruptcy Code generally provides for reorganization, usually for a corporation or partnership. A chapter 11 debtor proposes a plan of reorganization to keep its business alive and pay creditors over time. High net-worth individuals can also seek relief in chapter 11.

 

Learn some of the basics of Chapter 11 bankruptcy at the U.S. Courts website.