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Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.
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A Chapter 11 bankruptcy permits a business to restructure its debt and reorganize its Corporate Chapter 7 bankruptcy is similar to personal bankruptcy,
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Chapter 11 bankruptcy is a form of corporate financial reorganization which typically allows companies to continue to function while they follow debt repayment plans.
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Federal bankruptcy laws govern how companies go out of business or recover from crippling debt. A bankrupt company, the "debtor," might use Chapter 11 of the
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