Under Chapter 11 major decisions must be approved by management.

Name: Under Chapter 11 major decisions must be approved by management.
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Under Chapter 11, major decisions must be approved by the bankruptcy court, not just management. This is because Chapter 11 is a legal process that is overseen by the court to ensure that all creditors are treated fairly and that the debtor is able to reorganize and emerge from bankruptcy.

Under Chapter 11 Major Decisions Must Be Approved by Management