Chapter 11 reorganization, if the plan of reorganization allows the firm to remain in control of its assets, the firm is called a

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In a Chapter 11 reorganization, when the plan allows the firm to remain in control of its assets, it is referred to as a "Debtor-in-possession." This means the company continues to operate its business and maintain possession of its assets while undergoing bankruptcy proceedings, under the oversight of the court.

Chapter 11 Reorganization, If the Plan of Reorganization Allows the Firm