Chapter 11, title 11 is a part of the U.S. Bankruptcy Code that governs a form of bankruptcy available to businesses. Although some people may associate Chapter 11 bankruptcy with large corporations, small or family-run businesses file most Chapter 11 bankruptcy cases.
The provisions dealing with an involuntary case are derived from former Bankruptcy Rule 108. Under the Code, a chapter 11 case may be commenced by an involuntary petition (§303(a)), whereas under the Act, a Chapter XI case could have been commenced only by a voluntary petition.
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chapter 11 title 11 united states code
