Bankruptcy Prepack

Bankruptcy Prepack - 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.

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Bankruptcy Prepack
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Definition and Examples

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.
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