A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Chapter 11
An arrangement under U.S. insolvency laws by which a debtor who is unable to pay his debts remains in possession of his business and in control of its operations unless a court rules otherwise. The arrangement allows debtors and creditors considerable flexibility in working together to reorganize the business and repay debt.
See also: Insolvent, Chapter 7