Realizing that Dante Corporation is insolvent, the debtor in possession files for Chapter 11. As part of the process, the debtor in possession submits a proposal which restructures the board, the leadership roles and the use of existing assets to repay creditors and also reinvest money into the company to spur economic growth. This plan is called

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A reorganization plan is the correct term used in Chapter 11 bankruptcy proceedings, which involves restructuring a company's finances, leadership, and operations to allow it to pay back creditors while continuing its operations.

Realizing That Dante Corporation Is Insolvent, the Debtor in Possession