reorganizing

l enterprises to large corporations—to reorganize their debts under court supervision. Unlike Chapter 7 bankruptcy, which involves liquidating assets to pay creditors and closing the business, Chapter 11 focuses on rehabilitation. What Makes Chapter 11 Reorganization Essential? At

d buyouts, and industry-specific restructuring. High-profile cases, such as Lehman Brothers (though it filed under Chapter 11 primarily for liquidation purposes) and General Motors, have highlighted the significance of Cha