CITATION — REFERENCE ENTRY
Chapter 11 - Bankruptcy basics — Administrative Office of the U.S. Courts
- Key
- us-courts-chapter-11-basics
- Authors
- United States Courts
- Type
- webpage
- Publisher
- Administrative Office of the U.S. Courts
Raw CSL JSON
{
"URL": "https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics",
"type": "webpage",
"title": "Chapter 11 - Bankruptcy basics",
"author": [
{
"literal": "United States Courts"
}
],
"accessed": {
"date-parts": [
[
2026,
10,
6
]
]
},
"publisher": "Administrative Office of the U.S. Courts"
}
Claims
-
In U.S. Chapter 11, a class of impaired creditors accepts a reorganization plan if holders of at least two-thirds in amount and more than one-half in number of allowed claims vote yes; filing triggers an automatic stay on collection activity, and the debtor stays in control as a debtor in possession.
"at least two-thirds in amount and more than one-half in number of the allowed claims"
Available in