Chapter 11


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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 ?
Agreement Removes Primary Obstacle to USEB's Reorganization and Enables USEB to Refinance and Exit Chapter 11 -
Northwest Airlines Corporation (Pink Sheets:NWACQ) announced today that it and certain of its subsidiaries have filed their joint Chapter 11 plan of reorganization with the United States Bankruptcy Court for the Southern District of New York, which is overseeing its reorganization.
and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
USEB's legal advisor in the Chapter 11 filing is Hunton & Williams LLP.
While the banks' payments were made on USEB's behalf under their swap agreements, USEB did not make corresponding November payments to the banks in light of its Chapter 11 filing, and therefore the banks' payments to Countryside subsequently were reversed.
filed for protection under Chapter 11 of the United State Bankruptcy Code on September 18, 2006.
announced today that it received Court approval for the $300 million Debtor-in-Possession (DIP) financing it arranged from Goldman Sachs, GE Capital and Barclays, as part of DURA's Chapter 11 filing, which encompasses the company's U.
com/reports/c45368) has announced the addition of Video Leadership Seminars: Winning Legal Strategies for Chapter 11 Bankruptcy with Daniel Cohn of Cohn, Whitesell, & Goldberg, LLP to their offering.
Nasdaq:DRRA), announced today that a Canadian court, the Ontario Superior Court of Justice, entered a "Foreign Recognition Order," which recognized under Canadian law the Chapter 11 bankruptcy proceedings commenced by DURA and its U.
Nasdaq:DRRA), announced today that it received Court approval of all of the "first day motions" that DURA submitted as part of its filing for reorganization under Chapter 11 of the United States Bankruptcy Code.
and the other Foamex entities that are chapter 11 debtors, collectively, the "Company") have filed their First Amended Plan of Reorganization (the "Amended Plan") and related amended Disclosure Statement (the "Disclosure Statement") with the U.