Definition of Chapter 7 noun from the Oxford Advanced Learner's Dictionary

 

Chapter 7

 noun
noun
BrE
 
; 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 a court to take property belonging to a company or person which is then sold to pay their debts compare liquidation
See the Oxford Advanced American Dictionary entry: Chapter 7