Reorganization Bankruptcy

Reorganization Bankruptcy - This is a process where a company, individual, or any other entity rearranges its debts in order to remain viable. The debtor typically retains their assets and continues to operate the business, while working out a plan to repay creditors over time.

Class Information

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Identification

Label (rdfs)
Reorganization Bankruptcy
Preferred Label
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Identifier
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Definition and Examples

Definition
This is a process where a company, individual, or any other entity rearranges its debts in order to remain viable. The debtor typically retains their assets and continues to operate the business, while working out a plan to repay creditors over time.
Examples
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Translations

fr-fr
Faillite de réorganisation
pt-br
Falência de reorganização
de-de
Sanierungsbankrott
ja-jp
再生手続き中の破産
zh-cn
重整破产

Class Relationships

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Additional Information

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Description
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Notes
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Deprecated
False

Metadata

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