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Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
[11] The ice house at Moggerhanger Park, Moggerhanger, Bedfordshire. During the Second World War (between 1939 and 1945) old ice houses found new uses. Although some were used to store ice and food, others, because they were often underground and well built, became air raid shelters. [6]
Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters are: [2] Chapter 1: General Provisions; Chapter 3: Case Administration; Chapter 5: Creditors, the Debtor and the Estate; Chapter 7: Liquidation; Chapter 9: Adjustment of Debts of a Municipality
The Chapter 11 filing was the fourth-largest in US history, following Lehman Brothers Holdings Inc., Washington Mutual and WorldCom Inc. [14] A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an initial public ...
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P)
Chrysler Chapter 11 reorganization was the petition for bankruptcy on April 30, 2009 of Chrysler car company and 24 of its affiliated subsidiaries with the federal bankruptcy court in New York. [ 1 ] [ 2 ] The court filing occurred upon failure of the company to come to an agreement with its creditors for an outside-of-bankruptcy restructuring ...
On August 5, 2024, Buca di Beppo filed for Chapter 11 bankruptcy. The company announced it would use bankruptcy proceedings to improve operations and will also sell itself. [ 26 ] On November 6, 2024, it was announced that Buca di Beppo would be sold to private equity firm Main Street Capital Corporation for $27 million after a deal was ...
Chapter Eleven, Chapter 11, or Chapter XI may also refer to: Music. Chapter Eleven, an album by Michael Lee Firkins; Television "Chapter 11 ...