Chapter 7

Resource type: Glossary item

Status: Maintained

Jurisdiction: USA

This is a US bankruptcy term. The chapter of the US Bankruptcy Code (www.practicallaw.com/8-384-9760) dealing with the liquidation of all of a company's property. In a corporate Chapter 7 case, the proceeds are distributed to creditors without continuing the debtor's business.

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  • Resource ID: 6-385-1853
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Private Client, PLC UK Property, PLC UK Restructuring and Insolvency, PLC UK Share Schemes & Incentives
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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