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 ?
Bankruptcy Court judge in San Francisco allowed PG&E to hold on to sole rights to construct a chapter 11 exit plan, Peg Brickley of the Wall Street Journal reported.
With respect to revised Chapter 11, it has come to our notice that there are some confusions/ misinterpretations regarding Para 2 suggesting that SBP has allowed the banks to sale/ purchase foreign currencies to/from public by amending the existing regulations.
F.E.1/2012-SB dated the 16th June, 2012 regarding currency declaration to the Customs authorities by the inbound travelers on amount exceeding US$ 10,000, or equivalent in other currencies, have also been incorporated in revised Chapter 11.
It would be pertinent to mention here that even before the recent revision in Chapter 11, 'every authorized branch is permitted to deal in foreign currency notes, coins, deposits, credits, drafts, traveler's cheques, letters of credit and bills of exchange, expressed or drawn in Pakistan currency but payable in any foreign currency.' {(Para 2(iii), Chapter 2 of Foreign Exchange Manual}.
M2 EQUITYBITES-May 14, 2019-Bristow Group begins restructuring process with voluntary filing for Chapter 11 protection
Travel Business Review-May 14, 2019-Bristow Group begins restructuring process with voluntary filing for Chapter 11 protection
Bristow Group has filed for US-style Chapter 11 bankruptcy in an effort to restructure and strengthen its balance sheet.
With 2019 only a little over a month in, there have already been several companies that have filed Chapter 11 bankruptcy protection thus far.
The act will expedite the process of SMBs filing for Chapter 11 bankruptcy, making the time for creditors seeking payments much shorter, while also cutting back on attorney's fees due to quicker turnarounds in court.
11, Chapter 11. Assets and liabilities: $1 million to $10 million.
Summary: Avaya has announced that it has successfully completed its debt restructuring and emerged from Chapter 11. Executives from Avaya International …