A case filed under Chapter 11 bankruptcy protection is commonly referred to as a ‘reorganization or restructuring bankruptcy’. Chapter 11 is a part of the US Bankruptcy Code under which an insolvent company is allowed to reorganize and is not liquidated. It is not shut down and sold off.
Check Also
Pisces Weekly Horoscope November 2024: Astro Anupam V Kapil
Pisces Weekly Horoscope November 2024: Pisces is the last sign of the zodiac, which has …