Chapter 11 bankruptcy is a way for sick companies to recover and is designed to help both debtors and creditors find the best solution.

Question

Quizplus · Accepted Answer

Chapter 11 bankruptcy is a type of bankruptcy that allows a company to restructure and reorganize its debts in order to become financially healthy again. It is designed to benefit both the debtor (the company) and its creditors by finding a solution that is in the best interest of all parties involved.

Chapter 11 Bankruptcy Is a Way for Sick Companies to Recover