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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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)]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
References in periodicals archive ?
It needed to make fundamental structural change on a much greater scale than it had in the past," adding that fuel and people now represent around 60% of the group's operating costs and many airlines are achieving substantial cost improvements through Chapter 11 bankruptcy protection, consolidation, mergers and government support, avenues not available to Qantas.
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.
Discount apparel chain Labels For Less has filed for Chapter 11 bankruptcy. The chain, with 14 stores in Manhattan, plans to liquidate, per court filings.
However, much of that number is attributed to a predecessor company before Fansteel's emergence from Chapter 11 bankruptcy in January.
Whether Enron sheds or retains its papermaking and paper trading assets may not be known for some time, as Enron and its creditors work through the Chapter 11 bankruptcy procedure.
has filed for Chapter 11 bankruptcy protection, the company announced last week.
NEW YORK--Happiness Express, the financially troubled toy and home decor supplier, has sought Chapter 11 bankruptcy protection, after failed negotiations with its lenders.
bankruptcy trustee has asked that the Jonesboro developer's Chapter 11 bankruptcy reorganization be converted to Chapter 7 liquidation or thrown out.
The move, which the pilots union has agreed not to oppose, would affect 13,000 active and retired workers and is part of the carrier's effort to cut costs in order to emerge from Chapter 11 bankruptcy protection.
According to the airline, the loss included USD136m from operations and USD158m for reorganisation expenses from its Chapter 11 bankruptcy filing.
The decision was made as part of bankruptcy proceedings involving Boo.com North America Inc., which filed for Chapter 11 bankruptcy in October.
Bill Davis Trucking Inc., which is in Chapter 11 bankruptcy reorganization, said that in October, one of its employees parked a 2007 model truck it bought from Paccar Inc.