See Also:
Bankruptcy Chapter 7
Bankruptcy Chapter 12
Bankruptcy Chapter 13
Bankruptcy Costs
Bankruptcy Courts
Bankruptcy Code
Bankruptcy InformationBankruptcy Chapter 11
Chapter 11 bankruptcy is a type of bankruptcy proceeding outlined in the
Bankruptcy Code. Chapter 11 is a reorganization procedure.
When a financially distressed entity files for chapter 11 bankruptcy, the entity continues to operate while it restructures its debt obligations. The entity is given a limited amount of time in which to restructure the debts. During this time the entity is protected from creditors.
Reorganization bankruptcies are usually more complex than liquidation bankruptcies. Chapter 11 bankruptcy is usually filed for by companies.