Chapter 11, title 11 is a part of the U.S. Bankruptcy Code that governs a form of bankruptcy available to businesses. Although some people may associate Chapter 11 bankruptcy with large corporations, small or family-run businesses file most Chapter 11 bankruptcy cases.
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Learn about the general requirements, process, and benefits of chapter 11, a type of reorganization bankruptcy that allows a debtor to propose and vote on a plan of reorganization. Find out how to file a case, what documents are required, and what rights and obligations the debtor and creditors have under the Bankruptcy Code.
Who may be a debtor (a) Notwithstanding any other provision of this section, only a person that resides or has a domicile, a place of business, or property in the United States, or a municipality, may be a debtor under this title. (b) A person may be a debtor under chapter 7 of this title only if such person is not— (1) a railroad;
Front Matter + Chapter 1 - General Provisions (Sections 101 - 112) + Chapter 3 - Case Administration (Sections 301 - 366) + Chapter 5 - Creditors, the Debtor, and the Estate (Sections 501 - 562) + Chapter 7 - Liquidation (Sections 701 - 784) + Chapter 9 - Adjustment of Debts of a Municipality (Sections 901 - 946)
Title 11 of the United States Code, also known as the Bankruptcy Code, provides the legal framework for the resolution of insolvent entities and individuals. This PDF document contains the full text of the code as of 2020, with annotations and cross-references. It is a valuable resource for anyone interested in the law and practice of bankruptcy in the US.
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it
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chapter 11 title 11 united states code