Which of the following bankruptcy proceedings allows a debtor to work out a plan to solve his financial problems under the supervision of federal court?

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Chapter 11 of the Bankruptcy Code provides a proceeding whereby a debtor can work out a plan to solve its financial problems under the supervision of a federal court.A reorganization plan is essentially a contract between a debtor and its creditors.The proceeding is intended for debtors,particularly businesses,whose financial problems may be solvable if they are given some time and guidance and if they are relieved of some pressure from creditors.

Which of the Following Bankruptcy Proceedings Allows a Debtor to Work