In a __________ bankruptcy under Chapter 11,the debtor solicits votes on its plan of reorganization and only files for Chapter 11 protection after it has obtained the required votes in favor of the plan.

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Prepackaged bankruptcy involves the debtor negotiating a plan of reorganization with its creditors before filing for bankruptcy. The plan is then put to a vote and, if approved, the debtor files for Chapter 11 protection with the prepackaged plan already in place. This type of bankruptcy is often quicker and more streamlined than traditional Chapter 11 bankruptcies.

In a __________ Bankruptcy Under Chapter 11,the Debtor Solicits Votes