Examlex
Which statement is incorrect?
Chapter 11 Plan
A reorganization plan under U.S. bankruptcy laws that allows a debtor to keep its business running while paying creditors over time.
Creditors
Individuals, companies, or entities to whom money is owed by debtors.
Court
A governmental institution responsible for administering justice through interpreting laws, resolving disputes, and deciding criminal or civil cases.
Chapter 13
A type of bankruptcy in the United States that allows individuals earning a regular income to develop a plan to repay all or part of their debts.
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