A reorganization of the finances of the business so that it can continue to operate and begin to pay its debts is a/an ____.

Question

A reorganization of the finances of the business so that it can continue to operate and begin to pay its debts is a/an ____. ​

Quizplus · Accepted Answer

A Chapter 11 reorganization allows a business to restructure its debts and continue operating, unlike Chapter 7 and Chapter 13, which involve liquidation, and unlike voluntary or involuntary bankruptcy, which do not specify the method of dealing with debts.

A Reorganization of the Finances of the Business So That