bankruptcy code 11 --- reorganization

简明释义

破产法第十一章重组

英英释义

例句

1.The legal team is preparing documents for the bankruptcy code 11 --- reorganization process.

法律团队正在准备破产法第11章---重组程序的文件。

2.The company filed for bankruptcy code 11 --- reorganization to restructure its debts and continue operations.

该公司申请了破产法第11章---重组以重组其债务并继续运营。

3.Investors were relieved to hear that the startup opted for bankruptcy code 11 --- reorganization instead of liquidation.

投资者听到该初创公司选择了破产法第11章---重组而不是清算，感到宽慰。

4.Under bankruptcy code 11 --- reorganization, businesses can negotiate with creditors to reduce their liabilities.

在破产法第11章---重组下，企业可以与债权人谈判以减少其负债。

5.The CEO explained that bankruptcy code 11 --- reorganization allows the firm to emerge stronger after financial difficulties.

首席执行官解释说，破产法第11章---重组允许公司在财务困难后变得更强大。

作文

In today's complex financial landscape, many businesses face the daunting challenge of insolvency. When a company can no longer meet its financial obligations, it may seek protection under the law to reorganize its debts and operations. One key legal framework that provides such protection in the United States is known as the bankruptcy code 11 --- reorganization. This code allows companies to restructure their debts while continuing their operations, ultimately aiming for a return to profitability.The bankruptcy code 11 --- reorganization is part of the U.S. Bankruptcy Code, which was enacted to help struggling businesses regain their footing without the immediate pressure of creditors. Under this provision, a company can propose a reorganization plan that outlines how it intends to repay its debts over time. This plan must be approved by the court and the creditors, but it offers a viable path for companies to emerge from financial distress.One of the most significant advantages of filing under the bankruptcy code 11 --- reorganization is the automatic stay that goes into effect immediately upon filing. This stay halts all collection actions against the debtor, giving the company a much-needed breather to formulate a strategy for recovery. During this period, the business can negotiate with creditors, reduce operational costs, and streamline its operations without the constant threat of litigation or asset seizure.Moreover, the bankruptcy code 11 --- reorganization allows businesses to reject burdensome contracts and leases, which can significantly enhance their financial flexibility. By shedding unprofitable agreements, a company can focus on its core operations and allocate resources more effectively. This process not only helps stabilize the business but also reassures stakeholders, including employees and customers, that the company is committed to turning itself around.However, the journey through bankruptcy code 11 --- reorganization is not without its challenges. The process requires careful planning and negotiation, and the outcome is never guaranteed. Companies must present a feasible reorganization plan that demonstrates their ability to generate sufficient cash flow to meet future obligations. Additionally, they must maintain open lines of communication with creditors to garner support for their proposed plan.The success of a bankruptcy code 11 --- reorganization often hinges on the leadership of the company and its willingness to adapt to changing market conditions. Strong management can inspire confidence among stakeholders and facilitate a smoother transition during the restructuring process. Furthermore, engaging professional advisors, such as attorneys and financial consultants, can provide invaluable guidance and expertise throughout the process.In conclusion, the bankruptcy code 11 --- reorganization serves as a crucial lifeline for companies grappling with financial difficulties. It offers a structured approach to debt relief and business revitalization, allowing firms to emerge stronger and more competitive. While the road to recovery may be fraught with obstacles, the potential for a successful reorganization can pave the way for a brighter future. Understanding the nuances of this legal framework is essential for business leaders facing financial turmoil, as it can ultimately determine the fate of their organizations.

在当今复杂的金融环境中，许多企业面临着破产的严峻挑战。当一家公司无法再满足其财务义务时，它可能会寻求法律保护，以重组其债务和运营。美国法律框架中提供这种保护的一个关键法律就是被称为破产法第11章——重组。该法允许公司在继续经营的同时重组其债务，最终旨在恢复盈利能力。破产法第11章——重组是美国破产法的一部分，该法的制定旨在帮助陷入困境的企业重新站稳脚跟，而不必立即面对债权人的压力。在这一条款下，公司可以提出一项重组计划，概述其打算如何在一段时间内偿还债务。该计划必须获得法院和债权人的批准，但它为公司提供了一条可行的路径，使其能够摆脱财务困境。申请破产法第11章——重组的一个重要优势是，在申请后立即生效的自动中止。这种中止暂停了对债务人的所有追索行动，为公司提供了急需的喘息机会，以制定恢复策略。在此期间，企业可以与债权人进行谈判，降低运营成本，并精简其运营，而不必担心诉讼或资产扣押的持续威胁。此外，破产法第11章——重组允许企业拒绝繁重的合同和租赁，这可以显著增强其财务灵活性。通过摆脱不盈利的协议，公司可以专注于其核心业务，更有效地分配资源。这个过程不仅有助于稳定企业，还向包括员工和客户在内的利益相关者保证，公司致力于扭转局面。然而，通过破产法第11章——重组的旅程并非没有挑战。该过程需要仔细的规划和谈判，结果也从未得到保证。公司必须提出一个可行的重组计划，证明其有能力产生足够的现金流以满足未来的义务。此外，他们必须与债权人保持开放的沟通，以获得对其提议计划的支持。破产法第11章——重组的成功往往取决于公司的领导能力及其适应市场变化的意愿。强有力的管理可以激发利益相关者的信心，并促进重组过程中的顺利过渡。此外，聘请专业顾问，如律师和财务顾问，可以在整个过程中提供宝贵的指导和专业知识。总之，破产法第11章——重组为面临财务困难的公司提供了至关重要的生命线。它为债务减免和业务复苏提供了结构化的方法，使公司能够更强大、更具竞争力地重新崛起。尽管恢复之路可能充满障碍，但成功重组的潜力可以为更光明的未来铺平道路。了解这一法律框架的细微差别对于面临财务困境的企业领导者至关重要，因为这最终可能决定其组织的命运。