Background Note | HBS Case Collection | October 1991 (Revised January 1992)

Note on Bankruptcy in the United States

by Timothy A. Luehrman


An introduction to, and summary of the laws, rules, and procedures established in the United States for settling the claims of creditors on a bankrupt company. Covers both Chapter 7 liquidations and Chapter 11 reorganizations.

Keywords: Insolvency and Bankruptcy; United States;


Luehrman, Timothy A. "Note on Bankruptcy in the United States." Harvard Business School Background Note 292-062, October 1991. (Revised January 1992.)