FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RB7j6BtO4UzgzjH2pwD3XDi
Label Bankruptcy Prepack
Preferred Label N/A
Identifier N/A
Alternative Labels

None

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.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available