Chapter 11
Term · Law · MLC-T-LAW-000041
The chapter of the Bankruptcy Code under which a debtor, usually a business like a corporation or partnership, may reorganize (or less often, liquidate) under the terms of a plan that governs repayment of its debts. Individuals may also seek relief under Chapter 11.
| Identifier | MLC-T-LAW-000041 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000041",
"term": "Chapter 11",
"field": "Law",
"definition": "The chapter of the Bankruptcy Code under which a debtor, usually a business like a corporation or partnership, may reorganize (or less often, liquidate) under the terms of a plan that governs repayment of its debts. Individuals may also seek relief under Chapter 11.",
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/chapter-11/"
}
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