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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]
Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters are: [2] Chapter 1: General Provisions; Chapter 3: Case Administration; Chapter 5: Creditors, the Debtor and the Estate; Chapter 7: Liquidation; Chapter 9: Adjustment of Debts of a Municipality
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By Steven Brill What Happened in the Previous Chapter Only for the Elderly, Only for a Short Period. By fall 2013, the government and Johnson & Johnson had settled on a new number: $2.2 billion—$500 million in criminal fines and forfeitures and $1.7 billion for civil damages.
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The Chapter 11 filing was the fourth-largest in U.S. history, following Lehman Brothers, Washington Mutual and WorldCom. [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 offering (IPO) of ...
Police in Spain have arrested two people in connection with a missing persons case after a Google Maps vehicle took a picture of someone apparently loading a large object into the trunk of a car.
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