Bankruptcy & Liquidation

Bankruptcy
 

Bankruptcy: 

The entity’s survival is threatened. Business is rescued by filing a Chapter 11 Plan of Reorganization.

List possible outcomes. 
Two sentences on the history of U.S. Bankruptcy Code
List the chapters here:  7, 11, 13, etc.
Plan of organization
Classes of creditors and APR
Valuation issues.
Fresh start accounting
 

Liquidation
Show the diagram from Platt that defines how to determine whether Ch 11 or Liquidation