In a Chapter 11 bankruptcy proceeding, a debtor will submit to the bankruptcy court and to the creditors and other interested parties a proposal that sets forth suggested changes in its financial structure that it believes necessary in order to emerge from Chapter 11 bankruptcy as a viable business entity that will then be able to pay its debts. This proposal is called a(n) ________.

Question

Quizplus · Accepted Answer

The correct term for the proposal submitted by a debtor in a Chapter 11 bankruptcy proceeding, which outlines changes in its financial structure to emerge as a viable business, is a "plan of reorganization."

In a Chapter 11 Bankruptcy Proceeding, a Debtor Will Submit