Chapter 9
Definition
A chapter in the U.S Bankruptcy Code which seeks to rehabilitate a municipality's debt by assisting them in the creation of a restructuring plan with its creditors. The restructuring may include a reduction in the outstanding debt or interest rate, an extension of the term of the loan or a refinancing of debts. Also called municipal reorganization.
Related Articles
- Common Mistakes That People Make While Picking a Financial Advisor *
- Long-Term Investment Choices *
- What Education Should Mean for Society *
- Buy and Hold Stock Strategy *
- Introduction to Inflation and its Impact *
- An Explanation of the Various Facets of a 403(b) Plan *
- The FOMC and its Impact on Monetary Policy *
- What to Consider when Choosing a Credit Card *
Related Videos
http://www.businessdictionary.com/definition/Chapter-9.html
