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Chapter 11 Bankruptcy is a type of bankruptcy proceeding in the United States that allows a business or individual to reorganize its finances and pay off creditors over time under the protection of the bankruptcy court. It is a complex process that involves the submission of a plan of reorganization to the court, which outlines how the debtor will repay its debts and regain financial stability. It is a critical topic for those studying for the CPA Exam REG.

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