Proposal for Chapter 11 Reform

A Proposal for Chapter 11 Reform aims to improve the bankruptcy process that companies use when they’re financially distressed. The goal is to make it fairer and more efficient, helping businesses reorganize and survive while also protecting creditors and employees. Reforms might address how bankruptcy cases are managed, improve transparency, or reduce delays and costs. Ultimately, the proposal seeks to create a more balanced system that encourages companies to restructure instead of closing, benefiting the economy and all parties involved.