The Mechanics of Chapter 7 and Chapter 11
In Chapters 2 and 3, we looked at the Code’s treatment of filing, property of the estate, claims and priorities, and the general administration of a bankruptcy proceeding. It is important to remember that the procedures outlined above apply with equal measure to Chapter 7 and Chapter 11 proceedings, with some distinctions involving liquidations under Chapter 7 that we will touch upon in Section 4.1. This chapter is devoted, instead, to the specific mechanics of liquidations and reorganizations. Figure 1.2 provides a schematic overview of both processes, to which the reader can refer to quickly understand where a given issue stands in relation to others or to the process as a whole.
4.1 Liquidation ...
Get Corporate Bankruptcy now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
