Investor Glossary-chapter 11Investor Glossary-chapter 11Investor Glossary-chapter 11Investor Glossary-chapter 11Insightful stock market charts - Click here
investor
Categories    # 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

The HTML to link to this page
 

Chapter 11 is a section of the US Bankruptcy Reform Act of 1978. Chapter 11 allows partnerships, corporations, and individuals who are unable to service debts or pay its creditors, to seek judicial relief for re-organization. On Chapter 11 filing, the court imposes a moratorium on foreclosures, repossessions, tax levies and other creditor actions, and enforces a repayment plan. Chapter 11 debtor should present a plan of reorganization within 120 days and get it accepted within 180 days after filing Chapter 11 petition. Under Chapter 11, if one half the creditors including bondholders and stockholders, or creditors for two-thirds the debt amounts agree to the plan, it is accepted. A Chapter 11 debtor has to file monthly reports with the US Trustees Office, the bankruptcy division under the Justice Department. According to Chapter 11, a creditor also can initiate re-organization proceedings. The US Trustees Office will develop a plan of reorganization in consultation with the debtor, creditors, and stockholders.



Rate this Chapter 11 definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: Key Rate Duration, margin rate, stock split, irrevocable trust, required rate of return, 1031 exchange, debt service coverage, ex-dividend, ex-dividend date, covered put, 401a, average price per share, Zero Cost Collar, deferred tax, liquidity ratio, phantom income, reverse mortgage, current ratio, 1035 exchange, inflation, class C shares, balance sheet, per diem, diluted share, wholly-owned subsidiary, annual return, VIX, option premium, limit order, EBITDA, deferred revenue, stock market close, APR, in escrow, FICO score, command economy, implied volatility, open position, risk management, dividends payable, real GDP, 144a, FTSE, minority interest, LIBOR, cancelled check, labor relations, retained earnings, quality assurance


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use