American English

Definition of Chapter 7 noun from the Oxford Advanced American Dictionary


Chapter 7

NAmE//ˌtʃæptər ˈsɛvn//
[uncountable] (law)
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a section of the law dealing with bankruptcy (= being unable to pay debts), that allows a court to take property belonging to a company or person, which is then sold to pay their debts
See the Oxford Advanced Learner's Dictionary entry: Chapter 7