<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RB7j6BtO4UzgzjH2pwD3XDi">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RDWZFPdf6vWiJ2dOzUIfCvb"/>
  <rdfs:label>Bankruptcy Prepack</rdfs:label>
  <skos: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.</skos:definition>
</owl:Class>