Examlex
Match the person or term with the with the correct description.
-Bruce Barton
Chapter 11 Bankruptcy
A section of the United States Bankruptcy Code providing for reorganization, typically involving a corporation or partnership, under which a debtor proposes a plan to keep its business alive and pay creditors over time.
Debtor In Possession
A status in bankruptcy proceedings where the debtor maintains control of their property and business operations under court supervision.
Corporate Debtor
A business entity that owes money to creditors and is subject to proceedings under bankruptcy law.
Chapter 11
A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure their debts.
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