Prepackaged bankruptcies

Prepackaged bankruptcies

A situation in which the failing firm starts negotiating with its creditors well in advance of filing for a Chapter 11 bankruptcy in order to reach agreement on major issues before formally filing for bankruptcy.

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Part of Speech: noun
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Industry/Domain: Banking; Business services
Category: Mergers & acquisitions
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Related terms

Prepackaged bankruptcy

Financial services; General Finance

A bankruptcy in which a debtor and its creditors pre-negotiate a plan of reorganization and then file it along with the bankruptcy petition.

prepackaged bankruptcies

Banking; Business services; Mergers & acquisitions

A situation in which the failing firm starts negotiating with its creditors well in advance of filing for a Chapter 11 bankruptcy in order to reach agreement on major issues ...

bankruptcies

Medical; Health care; Medicine

The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors.

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