chapter eleven
Corporate debt restructuring
Chapter eleven is the section of U.S. bankruptcy law that allows businesses to reorganize while protected from creditors.
A company filing for chapter eleven continues operating while restructuring its debts, unlike chapter seven, which liquidates assets entirely.
The term often signals financial distress: The airline emerged from chapter eleven after eighteen months.
- bankruptcy codeStatutes governing debt discharge
- fire saleUrgent, deep-discount liquidation
- secured debtLoan backed by assets
- debt restructuringRenegotiating borrower payment terms
- trusteeOne managing another's assets
corporate restructuring · bankruptcy court · cramdown · strategic planning · financial distress · cash flow analysis · employee retention · fresh start · repayment schedule · file · folder · confirmation hearing · judge's ruling · desk · proof of claim · paper · gavel · unsecured debt
- restructuringrestructuring, reorganization, consolidation, turnaround, liquidation
- money troublesdebt relief, bad debt, bankruptcy filing, paycheck to paycheck, struggling
chapter elevenchapter seven
Bankruptcy type erasing debts
liquidation · winding up · dissolution · shuttering · going out of business
chapter elevensolvency
Capacity to pay debts
financial health · profitability · creditworthiness · financial stability · going concern
chapter elevenIPO
First public stock offering
expansion · growth · market dominance · record profits · boom