Adequate protection bankruptcy chapter 11

adequate protection bankruptcy chapter 11

The concept of adequate protection applies primarily to Chapter 11 busi- ness reorganizations, where a debtor is left in possession of its property and allowed to oper- ate and use its assets to carry out its business. If the creditor's interest in such property isAuthor: Amy S. Ashworth. Chapter 11 - Bankruptcy Basics This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter Nov 01,  · Adequate protection, described in § of the Bankruptcy Code, can take on many forms, including periodic cash payments to the secured lender, payment of post-petition interest or the granting of additional liens to the creditor on previously unencumbered assets.

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