Prepackaged bankruptcy
Prepackaged bankruptcy (alternatively known as pre-pack) is a type of reorganization that combines the advantages of informal workouts and formal Chapter 11 reorganization.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Prepackaged bankruptcy (or pre-pack). A type of reorganization that combines the advantages of informal workouts and formal Chapter 11 reorganization.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
