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Background A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Monthly operating report, UST Form 11MOR ("MOR"), required to be filed in certain chapter 11 bankruptcy cases.U.S. bankruptcy law has two central aims. L.J. 297, 325 (1992) (finding that only 6. This report describes and comments on four practices that have prompted populist backlash. The new consolidated chapter 11 contains no special procedure for companies with public debt or equity security holders. Once a reorganization plan is presented, votes are taken and modifications are made as part of the confirmation process. That, of course, takes time. A bankruptcy court may oversee the restructuring of a debt load of a company that allows the company to continue operating. A business going through Chapter 11 often downsizes as part of the process, but the objective is reorganization, not liquidation.