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单词 Chapter 9
释义

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.
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更新时间:2025/4/19 10:32:31