Small Business Case
small business caseA special type of chapter 11 case in which there is no creditors' committee (or the creditors' committee is deemed inactive by the court) and in which the debtor is subject to more oversight by the U.S. trustee than other chapter 11 debtors. The Bankruptcy Code contains certain provisions designed to reduce the time a small business debtor is in bankruptcy.
Source: Administrative Office of the U.S. Courts
Related Terms from the Bankruptcy and Debt Law Glossary