Dictionary: A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


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


Read Also:

  • 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

  • Chapter-and-verse

    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 […]

  • Chapter-head

    printed material appearing before and usually above the text of a chapter, as a title, number, quotation, etc.

Disclaimer: Chapter-11 definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.