[FrobeniusTwist]

No. In a Chapter 11, the debtor (referred to in this context as the "debtor in possession") remains in control of the proceeding (with court oversight). Generally, the purpose of an 11 is to reorganize or restructure, but a company can also liquidate itself in an 11. Presumably by "debtee" you mean a creditor. Creditors can participate in a Chapter 11 proceeding as part of an "official committee", but they have limited powers and generally are left to complain from the sidelines. In a chapter 7, on the other hand, a trustee is appointed to liquidate the debtor's non-exempt assets, and the debtor is more or less out of the picture.