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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]
SoloPower also received similar funding from the U.S. Department of Energy. [ 14 ] Following the company's 2011 bankruptcy, the government had expected to recoup $27 million under the Solyndra restructuring plan, or up to 100% of loaned funds from a $1.5 billion lawsuit filed against Chinese polysilicon solar-panel makers for alleged price ...
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Furthermore, Section 109(e) of Title 11, United States Code sets forth debt limits for individuals to be eligible to file under Chapter 13: unsecured debts of less than $419,275, and secured debts of less than $1,257,850. [3] Under Chapter 13, the debtor proposes a plan to pay his or her creditors over a 3-to-5 year period. [4]
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Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of bankruptcy law in the United States Code. [ 1 ] This article is part of a series on the
Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection.