#FTT In the United States, the time it takes to file for bankruptcy and reorganization varies depending on a number of factors:

Chapter 11 Bankruptcy and Reorganization

- Normally, after an indebted company files for bankruptcy and reorganization, it must submit a reorganization plan within 120 days. If the plan is approved by the court, the entire bankruptcy reorganization process may be completed in about half a year to a year; if the plan is not passed or there are disputes, the creditors can propose their own plans and submit them to all creditors for a vote, and the time will be extended to more than one year or even several years. Year.

Quoting Chapter 15

- Some companies will invoke Chapter 15 of the U.S. Bankruptcy Code, which is mainly to prevent creditors from filing lawsuits or freezing assets in the United States and buy more time for debt restructuring. In this case, the time from filing to completion of the reorganization is harder to determine, but typically lasts from months to years.