View synonyms for Chapter 11

Chapter 11

or Chapter Eleven, Chapter XI

noun

, U.S. Law.

a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.

chapter 11

the statute regarding the reorganization of a failing business empowering a court to allow the debtors to remain in control of the business to attempt to save it
they are in chapter 11

C20: from chapter 11 of the Bankruptcy Reform Act (1978)

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