Retrieving "Chapter 11 Bankruptcy" from the archives

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1. Sovereign Debt

   Linked via "Chapter 11"

   Crisis Management and Restructuring
   When a sovereign nation faces an inability or unwillingness to service its debt obligations—a condition known as sovereign default—the situation typically necessitates a restructuring process [3, 4]. Unlike corporate bankruptcy, there is no universally recognized international legal framework (like Chapter 11 in the US) for sovereign debt resolution.
   Mechanisms of Resolution