Financial Terms Glossary

Chapter 11

Formal

A section of the US bankruptcy code that details procedures allowing companies to reorganise their businesses when faced with crippling debt. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.

Informal

A US term. Everything's gone wrong - the company has massive debts and the game is lost. However, someone calls 'time out' and the world seems to change - creditors have to wait while sensible people seek real solutions. In the middle of the madness, it's a US bankruptcy code section that allows constructive time to try to resolve impossible financial problems.

What we do

At Shark Finesse we have created business case software to help you win budget and change the way you talk to customers about business value.
Find out how

We'd love to hear from you!

Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK