Chapter 11 of the Bankruptcy Act keeps creditors from a debtor's assets while the debtor,under the supervision of the court,works out a financial reorganization plan and continues to pay creditors.

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Bankruptcy is an adjudication relieving a debtor of all or part of his/her/its liabilities.Any person,partnership,or corporation may seek debtor relief.Reorganization (Chapter 11 of the Bankruptcy Act),used by both individuals and businesses,keeps creditors from a debtor's assets while the debtor,under the supervision of the court,works out a financial reorganization plan and continues to pay creditors.

Chapter 11 of the Bankruptcy Act Keeps Creditors from a Debtor's