A Chapter 11 bankruptcy is often called “reorganization bankruptcy” and is typically used to preserve and maximize the going concern value of the debtor’s business. The life cycle of a Chapter 11 bankruptcy case can be conceptualized in five stages. Part I of this series focused on the first three stages.

This article will focus on the middle and final stages of a Chapter 11 proceeding, why it is important for stakeholders to understand these stages, and how their rights and financial interests can be affected. To access this article and read other insights from our Creditor’s Rights Toolkit, please click here.