|
Today's Terms
Chapter Thirty Three
Definition:
An unofficial term describing a company that has filed for Chapter 11 three times.
Chapter Eleven
Definition:
Reorganization proceedings, generally for business entities; the debtor maintains control of the business in Chapter 11 (unless the Court appoints a trustee).
Straight bankruptcy
Definition:
An informal term for a Chapter 7 bankruptcy or liquidation; used more commonly to describe liquidation before the Bankruptcy Reform Act of 1978.
More Bankruptcy Terms >
|