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Chapter 7

The filing a company makes when it decides to liquidate its operations.

Additional Comments:

In contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy.

Chapter 7 is the most common form of bankruptcy in the United States.

Related Terms:

Chapter 11
Provides a company a breather to attempt to turn things around. ...

Bankrupt Shell
A public shell that has been created either through issuance of shares following a bankruptcy (these ...

Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities ...

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