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.
(US) 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
- Chapter 11 bankruptcy
A provision of the U.S. bankruptcy law which enables a failing firm to apply to the courts for protection against all creditors while it is reorganized to pay its debts. This provision enables a firm to avoid being closed down by any single creditor and gives investors a chance to decide whether the firm can […]
- Chapter 7
noun (US) the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss
any specific chapter and verse of the Bible, as used when citing the text. full, cited authority, as for any quotation, opinion, action, etc.: Give me chapter and verse for the information you’ve provided so far. Informal. detailed information. a set of regulations or rules. The means of locating passages in the Bible. Thus Matthew […]
printed material appearing before and usually above the text of a chapter, as a title, number, quotation, etc.