{"iri":"https://folio.openlegalstandard.org/RB7j6BtO4UzgzjH2pwD3XDi","label":"Bankruptcy Prepack","sub_class_of":["https://folio.openlegalstandard.org/RDWZFPdf6vWiJ2dOzUIfCvb"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A bankruptcy prepack, or prepackaged bankruptcy, is a type of bankruptcy filing where the debtor negotiates and obtains creditor approval for a reorganization plan before filing for bankruptcy. This streamlined process aims to expedite the bankruptcy proceedings and minimize disruptions to the debtor's operations.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}