Chapter 11 Bankruptcy for businesses
LIST Code: MO-13-09-00-00
LIST Code
MO-13-09-00-00
Title
Chapter 11 Bankruptcy for businesses
Definition
This category concerns the option and process of filing for Chapter 11 bankruptcy, which is typically used by larger businesses to reorganize themselves. Chapter 11 bankruptcies allow a company to stay active while repaying creditors and restructuring debts.
Other Taxonomy Terms
These terms in other taxonomies are equivalent to this term. They are mapped to each other.