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Joe Stocks

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Re: Jimzin post# 105567

Monday, 02/20/2023 8:34:40 PM

Monday, February 20, 2023 8:34:40 PM

Post# of 111004
"a chapter 11 case, a liquidating plan is permissible. Such a plan often allows the debtor in possession to liquidate the business under more economically advantageous circumstances than a chapter 7 liquidation. It also permits the creditors to take a more active role in fashioning the liquidation of the assets and the distribution of the proceeds than in a chapter 7 case."
https://www.findlaw.com/legalblogs/small-business/what-is-chapter-11-liquidation/

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