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Chapter 13 Proceeding
A type of bankruptcy process in the United States that allows individuals with regular income to develop a plan to repay all or part of their debts.
Chapter 11
A provision of the United States Bankruptcy Code that allows for reorganization under the bankruptcy laws of the United States.
Chapter 7
A provision under the United States Bankruptcy Code dealing with the process of liquidation under the bankruptcy laws.
Debtor in Possession
A debtor in possession refers to a bankrupt company that retains possession and control of its assets while undergoing reorganization under bankruptcy law.
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