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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – How Does Chapter 11 Bankruptcy Work?
Description: How Does Chapter 11 Bankruptcy Work? Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Chapter 11Â bankruptcy reorganizes the company and sets up a debt repayment plan. Here is how Chapter 11 works: It starts with filing a petition with the bankruptcy court. The debtor must file a list of assets and liabilities and a list of income and expenses. The debtor stays in possession of the company and assets during the bankruptcy. The debtor creates a proposed plan for repayment of debts for review by the bankruptcy trustee. If the p...