单词 | Chapter 11 |
释义 | Chapter 11 Chapter 11 (USA) part of the Bankruptcy Reform Act of 1978 that allows an alternative to liquidation under Chapter 7. The business is preserved as a going concern. There is usually no trustee, and the business may be conducted by a committee of creditors. The debtor is given 120 days to submit a plan for liquidation or reorganisation. For the UK process of administration, see ADMINISTRATOR. |
随便看 |
|
法律词典收录了2351条英汉双解法律词条,基本涵盖了常用法律英语单词及短语词组的翻译及用法,是法律学习的有利工具。