What is a “prepackaged bankruptcy”?

Related FAQs

Can I keep my business open during a liquidating plan in a Chapter 11 bankruptcy?
What happens when I fail to make a payment in a Chapter 11 bankruptcy?
What is the process for reorganizing a business in a Chapter 11 bankruptcy?
How long does a debtor have to confirm a plan in a Chapter 11 bankruptcy?
What do I need to provide my creditors in a Chapter 11 bankruptcy?
How is a liquidating plan approved in a Chapter 11 bankruptcy?
What is “asset recovery” in a Chapter 11 bankruptcy?
How does the automatic stay protected me from creditors during a Chapter 11 bankruptcy?
What is a “property settlement agreement” in a Chapter 11 bankruptcy?
Is Chapter 11 bankruptcy a good option for small businesses?

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