Chapter 10

Chapter 10

A chapter of the U.S. bankruptcy code stating the terms under which a small company may file for bankruptcy protection while it prepares a reorganization plan. In order to be eligible for Chapter 10 protection, the company cannot have more than $2.5 million in debt and the reorganization plan must include provisions where the debt will be repaid within three years. See also: Chapter 7, Chapter 11, Chapter 13.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.