What nonbankruptcy professionals should know about the Chapter 11 process.
Chapter 11 bankruptcy is not an uncommon course of action for many companies regardless of industry. Nonbankruptcy professional would benefit from having a basic understanding of what a Chapter 11 bankruptcy entails. This white paper covers several topics including a review of the differences between Chapter 7 and 11, secured creditors and the automatic stay, and the rights of unsecured creditors.
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