Chapter 11

(redirected from Chapter 11 Proceedings)
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Chapter 11

n.
1. The chapter of US bankruptcy law by which insolvent businesses may reorganize under court supervision without ceasing business activity or liquidating their assets.
2. The condition in which a business may continue to operate in accordance with this law.

chapter 11

n
(Law) 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.
[C20: from chapter 11 of the Bankruptcy Reform Act (1978)]

Chapter 11

or Chapter XI,


n.
a section of the U.S. Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision.
References in periodicals archive ?
The company's financial advisor is Odinbrook Global Advisors LLC and the principal legal advisor for the restructuring process and Chapter 11 proceedings is Bracewell & Giuliani LLP.
To help support its business during the Chapter 11 proceedings, SMART Papers has obtained debtor-in-possession (DIP) financing from Wachovia Capital Finance, Ft.
It also covers a range of topics regarding Chapter 11 proceedings, proceedings of reorganizations, avoidance/preferential transfer disputes, objections to plan, discovery disputes, and findings of court-appointed examiners.
AsSEC was faced with creating financial reporting standards for companies under two unusual sets of circumstances: those companies in chapter 11 proceedings and those coming out of such proceedings.