Chapter 11

Definition of "Chapter 11"

Used primarily by real estate corporations as a means of restructuring and reorganizing existing debts. Creditors must vote on a debt-paying plan and a judge must give approval. It provides protection for individual debtors with debts to large for a Chapter 13 filing. See also wage earner plan (chapter 13).

Search Real Estate Glossary

Related Real Estate Glossary terms

Historical District

Geographic area that has been designated by local government to have historical importance. The mun ...

Lot Line

A boundary line for a lot described in a plat book. ...

Custodial Account

Account established to manage the assets of a minor. This account is under the auspices of a custodi ...

Real Interest Rate

Inflation adjusted interest rate. ...

Nonwaiver Agreement

Agreement by the insured that, simply because the insurer investigates and determines a value for th ...

Lapse Risk

Measure of the sensitivity of the insurance company's liability to changing policy surrender distrib ...

Related Real Estate FAQ

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems How Does The Home Loan Underwriting Process Work? What Must I Disclose When Selling My Home? 5 U.S. Cities with the Best Public Transportation What is Hazard Insurance?

FAQ

What Will My ARM Loan Payment Be ? Besides making my monthly mortgage payment, how can I build equity into my house? What is depreciation? What are prepayment penalties? What is a proration?