Definition of Chapter 11 noun from the Oxford Advanced Learner's Dictionary


Chapter 11

; NAmE
[uncountable] (law)
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in the US, a section of the law dealing with bankruptcy (= being unable to pay debts), that allows companies to stop paying their debts in the normal way while they try to find a solution to their financial problems The company has filed for Chapter 11 bankruptcy protection. compare administration
See the Oxford Advanced American Dictionary entry: Chapter 11