p>To that end, Chapter 11 has two entirely separate aspects. First, Chapter 11 empowers the debtor to operate without a number of restrictions imposed by prebankruptcy contractual commitments and to shed contractual obligations that are a burden upon the business. Second, creditors can allocate the enterprise values by majority vote as long as certain basic criteria are met.
To that end, Chapter 11 has two entirely separate aspects. First, Chapter 11 empowers the debtor to operate without a number of restrictions imposed by prebankruptcy contractual commitments and to shed contractual obligations that are a burden upon the business. Second, creditors can allocate the enterprise values by majority vote as long as certain basic criteria are met.
