Examlex
In order to make an optimal choice, we must use
Chapter 11
A provision in the U.S. Bankruptcy Code that allows companies to reorganize and restructure their debts while continuing their operations.
Individual Debtor
A single person who owes money to a creditor.
Discharge
The act of releasing someone from their duties, obligations, or liabilities, or to fire someone from a job.
Bankruptcy Law
A legal framework governing the process through which individuals or entities who cannot repay debts to creditors may seek relief from some or all of their debts.
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