Chapter 11

(redirected from Chapter 11 bankruptcy)
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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 ?
A creditor of Jonesboro developer Bruce Burrow is demanding that his Chapter 11 bankruptcy reorganization be converted to a Chapter 7 liquidation or tossed out.
July 10, 2012 /PRNewswire/ -- Chapter 11 Bankruptcy was introduced in the Bankruptcy Reforms Act of 1978, which became effective on October 1, 1979.
Pacific Ethanol files for Chapter 11 bankruptcy: Tumbling energy prices over the past year and a lack of credit have pushed Pacific Ethanol, the largest West Coast-based producer and marketer of ethanol, into Chapter 11 bankruptcy.
United States-based Chrysler LLC's (Chrysler) resale value has dropped since the company has filed for Chapter 11 bankruptcy protection.
Both are operating under Chapter 11 bankruptcy protection.
UAL may be as little as weeks away from emerging from three years in Chapter 11 bankruptcy protection and last week, the company's reorganisation plan was approved by its creditors.
Bankruptcy Code Section 346(c)(1) explicitly provides that any income of the estate in a bankruptcy case "may be taxed only as though such case had not been commenced," reinforcing the view that a Chapter 11 bankruptcy filing does not change the tax relationship between a debtor corporation and its shareholders.
On January 8, 1996, the corporation filed a Chapter 11 bankruptcy reorganization petition.
based company was responsible for managing the now- defunct 155-bed facility during its Chapter 11 bankruptcy proceedings.
Efforts to emerge from Chapter 11 bankruptcy continue to challenge Agway, New England's regional farm supply and food marketing cooperative based at Syracuse, N.
Burke Industries, a producer of resilient flooring and commercial rubber goods, announced that it has completed a successful reorganization from Chapter 11 Bankruptcy.
In its simplest terms, the day a company files a Chapter 11 bankruptcy is the day that company belongs to the creditors and the plan of reorganization is essentially a plan to purchase the company back from those creditors.