MLchartDataset catalogue

Chapter 11 bankruptcy

Term · Law · MLC-T-LAW-000929

A form of bankruptcy that allows businesses, and sometimes individuals with substantial debt, to reorganize their financial affairs while continuing to operate. The debtor proposes a plan of reorganization to repay creditors over time, which must be approved by the court and creditors. This process aims to rehabilitate the debtor rather than liquidate assets.

Table 1. Record
IdentifierMLC-T-LAW-000929
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000929",
  "term": "Chapter 11 bankruptcy",
  "field": "Law",
  "definition": "A form of bankruptcy that allows businesses, and sometimes individuals with substantial debt, to reorganize their financial affairs while continuing to operate. The debtor proposes a plan of reorganization to repay creditors over time, which must be approved by the court and creditors. This process aims to rehabilitate the debtor rather than liquidate assets.",
  "url": "https://mlchart.com/terminology/law/chapter-11-bankruptcy/"
}

Record 743 of 5,445 in Law terminology (MLC-0107). Request the full dataset.