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What is a Chapter 11 plan?

April 26, 2017chapter 11 Plan

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What is a Chapter 11 plan?

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It is a written document that states the terms of how the debtor will deal with its creditors and, if necessary, interest holders. A Chapter 11 plan may be simple or complex, but it must comply with the legal requirements of Chapter 11. Most Chapter 11 plans are plans of reorganization, but a Chapter 11 plan may also be a plan of complete or partial liquidation, if desired.