The document discusses different types of bankruptcy proceedings under Chapter 7, 11, and 12 of the US Bankruptcy Code. It provides examples of well-known companies that have filed for each type, including Kodak filing for Chapter 11 in 2012 to restructure its business around commercial printing rather than consumer products, and Marvel filing for Chapter 11 in 1996 which led to its merger with ToyBiz.

1. By: Caitlyn Foxe

2.  A legal proceeding that a person or business
files for when they are unable to pay back its
debt.

3.  Chapter seven is liquidation, selling of the
debtors non exempt property and dividing it
among creditors.

4.  Usually involving a corporation or
partnership, the debtor suggests a plan to
keep its business and pay creditors over
time.

5.  Chapter twelve is for family farms and family
businesses.

6.  Adjustment of debts for a person with
regular income.

7.  The once well-known camera company filed
for chapter 11 bankruptcy in early 2012,
however they are expected to make a
comeback in 2017, but not on the consumer
market Instead, the new Kodak will focus on
commercial printing and manufacturing
imaging sensors

8.  Readers digest has filed chapter 11
bankruptcy not once, but TWICE since late
2009 but they expect the bankruptcy to
conclude in less than six months, if the court
approves, but they will continue to publish
through out the bankruptcy challenge.

9.  Marvel filed for chapter 11 bankruptcy in
1996, which ended in the merge of marvel
entertainment and ToyBiz to create marvel
enterprises