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	Chapter 11, Title 11, United States Code - Wikipedia, the free encyclopedia
		Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States.
		A Chapter 11 filing, on the other hand, is an attempt to stay in business while a bankruptcy court supervises the "reorganization" of the company's contractual and debt obligations.
		The largest bankruptcy in history was of the US telecommunications corporation Worldcom, Inc., which listed over 103 billion dollars in assets as of its Chapter 11 filing in 2002; the bankruptcy was triggered by the discovery that in the previous several years, the company had fraudulently overreported its assets by an estimated 12 billion dollars.
	en.wikipedia.org /wiki/Chapter_11_bankruptcy_protection (693 words)

	Chapter 11 -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-08)
		When a troubled business decides that it is unable to service its debt or pay its creditors, it can file (or be forced by its creditors to file) with a federal bankruptcy court for bankruptcy protection under either (Click link for more info and facts about Chapter 7) Chapter 7 (liquidation) or Chapter 11.
		Typical debts and contracts cancelled in a Chapter 11 bankruptcy include unsecured loans and, if cancelling them would be financially favorable to the company, (The state of being joined or united or linked) union contracts, supply or operating contracts (with both vendors and customers) and long-term real estate leases.
		Individuals may also file Chapter 11, but due to the complexity and expense of the proceeding, this option is rarely chosen by debtors who are eligible for Chapter 7 or (Click link for more info and facts about Chapter 13) Chapter 13 relief.
	www.absoluteastronomy.com /encyclopedia/c/ch/chapter_11.htm (484 words)

	Filing Bankruptcy - Alternatives to filing for chapter 7, chapter 11 or chapter 13 bankruptcy (Site not responding. Last check: 2007-10-08)
		The consequences of filing bankruptcy are obvious, in short you have just told every creditor in the world that you are not worthy of offering credit to.
		In light of the fact that your other alternative is to file bankruptcy, they would certainly want to recoup at least a portion of the debt owed to them rather than risk getting nothing at all.
		Chapter 7 11 13 and its affiliates are not advocating that you stop paying your creditors to force them into settlements.
	www.chapter7-11-13.net (641 words)

	Enron Files for Chapter 11 Bankruptcy Protection
		With nearly $25 billion in assets, Enron's bankruptcy is one of the largest in corporate history.
		While Enron filed for Chapter 11, which allows a company to reorganize its finances with court oversight and away from scavenging creditors, many Enron watchers think this may be a precursor to something else.
		As described last week, even if Enron were in liquidation mode, a Chapter 11 filing is typically the first step, providing a company time to determine its best course of liquidation and allowing existing management to retain some control of the liquidation process.
	www.thestreet.com /comment/chrisedmonds/10004757.html (1109 words)

	Corporate Bankruptcy
		In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange.
		Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares.
		For example, a company declaring bankruptcy will file a form 8-K that tells where the case is pending and which chapter of bankruptcy was filed.
	www.sec.gov /investor/pubs/bankrupt.htm (2518 words)

	VNN World - Krishna Temples Seek Chapter 11 Bankruptcy Protection
		The Chapter 11 bankruptcy focuses on reorganization rather than liquidation of religious assets.
		In 1998, a professionally staffed Child Protection Office was established to investigate allegations of past abuse, provide grants for Krishna youth who may have been abused, and to assure the ongoing protection of Krishna children.
		"Chapter 11 is a further effort to address past problems by creating an orderly and efficient procedure for dealing with and maximizing return to claimants," said Sandy Frey, Bankruptcy Counsel.
	www.vnn.org /world/WD0202/WD08-7146.html (484 words)

	Owens Corning Chapter 11 bankruptcy protection from the courts
		Chapter 11 bankruptcy, the lesser of the two common bankruptcy filings, allows a company to continue business while sorting out its financial affairs.
		O-C's bankruptcy is America's largest this year, and second largest in five years, according to the Toledo Blade newspaper.
		The average Chapter 11 proceeding for an asbestos company is six years, according to Owens Corning's own materials.
	www.sustainableenterprises.com /fin/News/bankrupt.htm (901 words)

	Bankruptcy - Chapter 11 Bankruptcy Protection
		Most people probably assume that obtaining a mortgage to purchase a home, refinance or to consolidate debt after a bankruptcy is out of the question.
		And now after filing for Chapter 11 bankruptcy protection this week, there is speculation that Delta Airlines and Northwest...
		Representing debtors seeking Chapter 7, 11 and 13 bankruptcy protection or reorganization.
	www.bankruptcycredits.com /brc/chapter11bankruptcyprotection.php (514 words)

	Excite@Home files for bankruptcy \| CNET News.com
		As expected, the company filed papers with the U.S. Bankruptcy Court for the Northern District of California on Friday, according to a clerk who declined to provide additional details until the voluminous filing was processed.
		The bankruptcy filing is part of a deal with ATandT that calls for Excite@Home to become wholly owned by the long-distance giant by early next year, pending approval by the bankruptcy court.
		The bankruptcy filing is the latest in a litany of woes for Excite@Home, a one-time darling of the dot-com era.
	news.com.com /2100-1033-273689.html (1281 words)

	Chapter 11 Bankruptcy Protection - Debt BR
		… The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the … themselves, be forced to file for bankruptcy protection.
		… 2 United Airlines, could be the next to file for bankruptcy protection sent those … stake in US Airways upon its emergence from Chapter 11 protection.
		Chapter 11 Named after the US bankruptcy code 11, chapter 11 is a form of … for bankruptcy protection under either Chapter 7 (liquidation) or Chapter 11 …
	www.debt.br.com /chapter-11-bankruptcy-protection.html (1042 words)

	chapter 11 bankruptcy protection (Site not responding. Last check: 2007-10-08)
		The provider of the Ricochet wireless service is looking to reorganize under Chapter 11 protection, and it is bringing in a specialist to help it.
		Enron Corp. and certain of its subsidiaries have filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
		Chapter 11 bankruptcy protection provides individuals and businesses with a means of...
	www.turnaroundcentral.com /resources/4/chapter-11-bankruptcy-protection.html (686 words)

	[No title]
		The Road Out of Bankruptcy -------------------------- The Restructuring Agreements are to be further implemented through a chapter 11 plan of reorganization supported by these key creditors, as well as through certain amendments to the Credit Agreement.
		Schubert says that WGC intends to prepare and file the Chapter 11 Plan and related disclosure statement in the immediate future, obtain confirmation of the Chapter 11 Plan pursuant to the procedures set forth in the Bankruptcy Code, and emerge from chapter 11 as expeditiously as possible.
		No chapter 11 case has been commenced for the Operating Company, and it continues to operate outside of bankruptcy in the ordinary course of business.
	bankrupt.com /williams.txt (2538 words)

	Kmart Files for Chapter 11 Bankruptcy Protection - Babson Free Press - BUSINESS & TECHNOLOGY (Site not responding. Last check: 2007-10-08)
		In its bankruptcy filing, Kmart and its US subsidiaries listed $17 billion in total assets at book value and total liabilities of $11.3 billion as of the quarter ended October 31.
		For those unfamiliar with the ramifications of chapter 11 bankruptcy protection, it does not mean that the retail giant will be closing its doors forever.
		This protection gives the company the opportunity to restructure itself so that it may in time be successful.
	www.babsonfreepress.com /news/2002/02/14/BusinessTechnology/Kmart.Files.For.Chapter.11.Bankruptcy.Protection-184565.shtml (470 words)

	Motient Files for Chapter 11 Bankruptcy Protection
		Two-way wireless data carrier Motient Corp. said it filed for voluntary Chapter 11 bankruptcy protection in a move to restructure its $335-million debt.
		The Canadian company is taking the news of Motient’s ‘Chapter 11 filing’ as a positive sign.
		RIM vice president Mark Guibert told CNET that although the term "Chapter II" is loaded with negative connotations, the news is actually positive for RIM, assuring that Motient will be a partner of the BlackBerry maker for the foreseeable future.
	www.mobileinfo.com /News_2002/Issue03/Motient_Chapter11.htm (289 words)

	Chapter 11 Bankruptcy Protection - Big Bankruptcy Guide
		Struggling telecommunications company Global Crossing has filed for bankruptcy protection and was promptly delisted on Monday by the New York Stock Exchange...
		Additionally, the company filed for Chapter 11 bankruptcy protection to delay repayment of C$230 million in debt.
		A: Chapter 11 bankruptcy protection is used by companies experiencing cash flow difficulties who need time to restructure debt to continue operations.
	www.bigbankruptcyguide.com /chapter-11-bankruptcy-protection.html (742 words)

	Awrey Bakeries files for Chapter 11 bankruptcy protection
		LIVONIA, Mich. (AP) -- Awrey Bakeries Inc., which is in its fourth generation of family ownership, has filed for bankruptcy protection.
		Livonia-based Awrey filed Wednesday for Chapter 11 protection with the U.S. Bankruptcy Court for the Eastern District of Michigan.
		But she said the Chapter 11 filing was prompted by the failure of another local bakery, Oak Park-based Koepplinger's Bakery Inc., to pay Awrey money it was owed.
	www.freep.com /news/statewire/sw111194_20050204.htm (318 words)

	Airline's saga at Chapter 11 - PittsburghLIVE.com
		US Airways on Sunday filed for Chapter 11 bankruptcy protection, putting the region's largest private employer back in court-supervised reorganization for the second time in 25 months.
		US Airways filed its petitions in U.S. Bankruptcy Court in Alexandria, Va. -- where it first sought bankruptcy protection on Aug. 11, 2002 -- after failing to win $800 million in annual cost cuts from the unions, savings the airline said it needed to stay afloat.
		Bankruptcy court will provide US Airways with additional leverage to obtain them, said Thomas Giotto, a labor lawyer with the Downtown law firm Klett Rooney.
	www.pittsburghlive.com /x/tribune-review/trib/regional/s_250596.html (1276 words)

	Sacramento, Bankruptcy Lawyer Stephen A. Koonce ,Sacramento Bankruptcy Attorney
		The Law Offices of Stephen Koonce practices primarily in Chapter 7 (liquidation), Chapter 11, and Chapter 13 (reorganization) consumer bankruptcy.
		In times when consumer debt is at an all time high, even the affluent can be confronted by overwhelming debt as a result of a loss of a job, death of a family member, or severe illness.
		Bankruptcy Lawyer Stephen A. Koonce in Sacramento is here to help you.
	www.sacramentobankruptcylawyer.com (240 words)

	chapter 11 bankruptcy Bankruptcy Help (Site not responding. Last check: 2007-10-08)
		The chapter 11 bankruptcy process is designed for people who wish to reorganize or restructure their debt load by filing chapter 11 bankruptcy!
		Bankruptcy: Chapter 7, Chapter 13, Chapter 11, Chapter 9, Chapter...
		voluntary petitions for Chapter 11 reorganization with the U.S. Bankruptcy Court for the...
	www.bankruptcy-aid.us /debt/chapter-11-bankruptcy.html (508 words)

	Sunbeam files Chapter 11 - Feb. 6, 2001
		NEW YORK (CNNfn) - Sunbeam Corp. filed for Chapter 11 bankruptcy protection Tuesday as the company announced it reached an agreement with its secured creditors to reorganize its debts.
		In Chapter 11, a company is protected from its creditors as it reorganizes and continues to operate.
		It said the bankruptcy filing has the support of banks holding $1.7 billion of the company's debt.
	cnnfn.cnn.com /2001/02/06/news/sunbeam/index.htm (892 words)

	Interstate Bakeries files for bankruptcy - Sep. 22, 2004
		It filed under Chapter 11 of the U.S. Bankruptcy Code, and said it intends to continue normal operations.
		"By filing for protection under Chapter 11 and obtaining the DIP (bankruptcy) financing, the company should have the liquidity, time and resources necessary to thoroughly identify, assess and address the issues that will enable this company to be successful in the future."
		For the fiscal third quarter, the company reported a loss of $6.6 million, or 15 cents a share, little changed from the year-earlier loss in the period.
	money.cnn.com /2004/09/22/news/fortune500/interstate_bankruptcy (461 words)

	WorldCom files largest bankruptcy ever - Jul. 19, 2002
		With $107 billion in assets, WorldCom's bankruptcy is the largest in United States history, dwarfing that of Enron Corp. The Houston-based energy trader listed $63.4 billion in assets when it filed Chapter 11 late last year.
		Under Chapter 11, the company can continue to operate while it develops a reorganization plan.
		The bankruptcy would have no immediate effect on its customers, according to statements from both the company and Michael Powell, chairman of the Federal Communications Commission.
	money.cnn.com /2002/07/19/news/worldcom_bankruptcy/index.htm (717 words)

	Steel Industry Bankruptcies (Site not responding. Last check: 2007-10-08)
		July 30, 2001—Laclede Steel is forced to re-file for bankruptcy protection, a mere seven months since emerging from the last bankruptcy.
		Five of the six ITC commissioners recently recommended that Bush impose tariffs for four years on 16 types of steel products, and one commissioner suggested enacting quotas for three years.The commissioners' recommendations, with explanations, are to be forwarded to the President by Dec. 19.
		January 11, 2002—U.S. Commerce Dept. concludes that the U.S. produces sufficient quantities of iron ore and semi-finished steel domestically to satisfy national security requirements.
	www.steelnews.com /companies/chapter11/steel_timeline.htm (1425 words)

	Global Crossing seeks Chapter 11 bankruptcy protection - Computerworld
		Even though it has filed for bankruptcy protection in both New York and its home base of Hamilton, Bermuda, Global Crossing Ltd. doesn't expect to lay off any of its 8,000 employees worldwide or see service interruptions for its 85,000 customers, company spokeswoman Becky Yeamans said today.
		When the telecommunications company announced this morning that it was seeking Chapter 11 protection in the U.S. Bankruptcy Court in New York as well as bankruptcy protection from the Bermuda Supreme Court in Hamilton, it was promptly delisted by the New York Stock Exchange.
		The NYSE cited the company's move to Chapter 11 and the fact that its stock had been trading for less than $1 per share for more than 30 days as the reasons for the delisting.
	www.computerworld.com /printthis/2002/0,4814,67772,00.html (431 words)

	Lechters files for Ch. 11 protection - May 21, 2001
		The implementation of the financing agreement is subject to the bankruptcy court's approval.
		"We are voluntarily taking this action because we believe the Chapter 11 process will provide us with the best opportunity to implement our strategic repositioning plan and return the company to profitability," CEO David Cully said.
		When a company files for federal bankruptcy protection under Chapter 11, it is protected from creditors while it tries to reorganize its business and work out a plan to pay its debts.
	cnnfn.cnn.com /2001/05/21/companies/lechters/index.htm (428 words)

	CNN.com - Kmart files for bankruptcy, gets financing - Jan. 22, 2002
		Kmart's filing, the biggest retail bankruptcy ever in the United States, had been widely expected, but company officials had for several weeks declined to comment.
		Kmart's bankruptcy filing, with $17 billion in assets, is the biggest ever for a U.S. retailer, according to Bankruptcydata.com.
		A company in Chapter 11 is protected from creditors while it reorganizes and tries to work out a plan to pay its debts.
	europe.cnn.com /2002/BUSINESS/01/22/kmart/index.html (1072 words)

	Garden Botanika Files for Chapter 11 Bankruptcy Protection
		Garden Botanika, Inc., Redmond, WA, has filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Washington at Seattle.
		In connection with its bankruptcy filing, the company will seek authority to close 95 of its 245 retail stores nationwide, lay off approximately 200 full-time and 1,000 part-time workers, and liquidate the related inventory by May 31.
		The bankruptcy filing comes on the heels of more than a year of declining fortunes for the retail and catalog company, which sells botanically based skin care products and cosmetics.
	directmag.com /news/marketing_garden_botanika_files/index.html (482 words)

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