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  2. Chapter 11, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_11,_Title_11...

    Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]

  3. Liabilities subject to compromise - Wikipedia

    en.wikipedia.org/wiki/Liabilities_Subject_to...

    This amount represents the debtors' estimate of known or potential pre-petition claims to be resolved in connection with the Chapter 11 cases. Such claims remain subject to future adjustments. Virtually all of the corporation's pre-petition debt is in default due to the filing and is included in Liabilities subject to compromise. Payment terms ...

  4. Pre-packaged insolvency - Wikipedia

    en.wikipedia.org/wiki/Pre-packaged_insolvency

    The Chapter 11 filing was the fourth-largest in US history, following Lehman Brothers Holdings Inc., Washington Mutual and WorldCom Inc. [14] A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an initial public ...

  5. Chapter 11 Bankruptcy, Explained - AOL

    www.aol.com/chapter-11-bankruptcy-explained...

    When financial troubles mount and debts are piling up, filing for bankruptcy protection may be a last resort option. Personal bankruptcy filings usually involve Chapter 7 or Chapter 13, but when ...

  6. 11 Things You Should Know About Chapter 11 Bankruptcy - AOL

    www.aol.com/finance/11-things-know-chapter-11...

    It's not uncommon for business owners to worry about paying creditors, especially during times of extended economic downturn. But when a business is struggling with debt to the point that it can...

  7. "Reader's Digest" Parent Files for Chapter 11 Protection - AOL

    www.aol.com/news/2013-02-19-readers-digest-files...

    Thus, the company says, its Chapter 11 filing "is not expected to impact the Company's day-to-day operations. Reader's Digest will continue to publish throughout the process.

  8. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Bankruptcy under Chapter 11, Chapter 12, or Chapter 13 is a more complex reorganization and involves allowing the debtor to keep some or all of his or her property and to use future earnings to pay off creditors. Consumers usually file chapter 7 or chapter 13. Chapter 11 filings by individuals are allowed, but are rare.

  9. Debtor-in-possession financing - Wikipedia

    en.wikipedia.org/wiki/Debtor-in-possession_financing

    The willingness of governments to allow lenders to place debtor-in-possession financing claims ahead of an insolvent company's existing debt varies; US bankruptcy law expressly allows this [8] while French law had long treated the practice as soutien abusif, requiring employees and state interests be paid first even if the end result was liquidation instead of corporate restructuring.