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Chapter 11 of the United States Bankruptcy Code permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals.
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References
- ↑ "List of Airline Bankruptcies Since Deregulation". Associated Press. November 29, 2011. Retrieved May 23, 2012.
- 1 2 "Airlines For America | U.S. Bankruptcies and Services Cessations". airlines.org. Archived from the original on May 28, 2016. Retrieved May 12, 2016.
- ↑ National Florida Airlines - Sunshine Skies. (n.d.). Retrieved from http://www.sunshineskies.com/nfa.html
- ↑ "List of Airline Bankruptcies Since". Associated Press. November 29, 2011. Retrieved May 23, 2012.
- ↑ Tejas Airlines: Where Did It Go? — Civil Aviation Forum | Airliners.net. Retrieved from http://www.airliners.net/aviation-forums/general_aviation/read.main/5130319/
- ↑ Gallón, Natalie, Maija Ehlinger and Michelle Toh (May 12, 2020). "Avianca, one of Latin America's largest airlines, files for bankruptcy". CNN. Retrieved May 13, 2020.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ↑ Barab, Ronald (2005). "The Avianca Miracle". SGR Law. Retrieved May 13, 2020.
- ↑ Symmes Cobb, Julia (December 1, 2021). "Colombian airline Avianca says has completed bankruptcy process". Reuters. Retrieved November 10, 2022.
- ↑ Miami Air International files for Chapter 11 bankruptcy protection| Aeronewsx. Retrieved from https://www.aeronewsx.com/post/miami-air-international-files-for-chapter-11-bankruptcy-protection
- ↑ Ehlinger, Maija (May 26, 2020). "Latin America's largest airline, LATAM, files for Chapter 11 bankruptcy". CNN. Retrieved November 10, 2022.
- ↑ Ramos, Natalia (October 15, 2022). "LATAM Airlines says it will exit bankruptcy on Nov. 3". Reuters. Retrieved November 10, 2022.