reorganization in bankruptcy
61claim in corporate reorganization — A claim of whatever character against a debtor or its property, except stock, whether or not such claim is provable in an ordinary bankruptcy proceeding and whether secured or unsecured, liquidated or unliquidated, fixed or contingent. Bankr Act… …
62substantial consummation of reorganization plan — The occurrence of each of the following events:(1) transfer, sale, or other disposition of all or substantially all of the property dealt with by the plan pursuant to the provisions of the plan; (2) assumption of operation of the business and… …
63impaired claim — The modification of the prepetition contractual rights of a claim pursuant to the terms of a plan of reorganization (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …
64wage earner's plan — A chapter 13 plan of reorganization (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …
65Chapter 11 — reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms) A reorganization proceeding in which the debtor may …
66debtor in possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… …
67debtor-in-possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… …
68DIP — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… …
69confirmation — the final approval by the bankruptcy court of a debtor s plan of reorganization. Confirmation takes place after the plan has been approved by creditors (Glossary of Common Bankruptcy Terms) The official act of the court in approving a plan or a… …
70exclusivity period — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (see… …
