☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Chapter 11 Reorganization

A form of bankruptcy allowing a business debtor to restructure debts and operations under court supervision while continuing to operate, pursuant to a plan of reorganization approved by creditors and the court.

Etymology: English compound · Category: Bankruptcy Law · Source: 11 U.S.C. §§ 1101-1174
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