Title 11 of the United States Code is referred to as the “Bankruptcy Code” or the “Code.” Title 11 consists of several chapters, of which Chapters 7 and 11 are the most applicable to organizations. Chapter 7 is specific to liquidations when an organization intends to close its doors. Chapter 11 deals directly with reorganization under the Code, in which the debtor seeks to rehabilitate and reorganize its financial structure. Chapter 11 permits organizations to propose an acceptable plan of reorganization to be voted on by its creditors. In light of the complexity of the provision, seeking legal counsel is encouraged. To begin the process, organizations must file a petition with the bankruptcy court, which constitutes an order of relief under this title. This toolkit offers a compilation of resources to help gain understanding of the elements of bankruptcy and offer guidance to successfully manage the bankruptcy process. This toolkit also covers the antidiscrimination component of the federal bankruptcy law, which protects employees and applicants from discrimination based on having filed for bankruptcy.
Human Resources Consulting
P.O. Box 41644 BakersfieldCA93384 USA 
 • 818-478-5445

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