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chapter 7

British  

noun

  1. the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of chapter 7

C20: from chapter 7 of the Bankruptcy Reform Act (1978)

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Girardi was sued by his business partners, resulting in a chapter 7 bankruptcy petition.

From Fox News • Jul. 17, 2021

The news was a relief to the country’s consumer bankruptcy lawyers, who often see their clients use refunds to cover the cost of filing for chapter 7 bankruptcy.

From The Wall Street Journal • Jan. 8, 2019

If your ex-spouse filed a chapter 7 bankruptcy and those debts were discharged by the courts, then the co-signer becomes responsible for those debts.

From Encyclopedia.com • Jun. 26, 2018

Sorry Gibson, keep the same awful quality control and you’ll be on the path of chapter 7.

From New York Times • Mar. 30, 2018

See 1st page of chapter 7 of the Rudiments of Cookery.

From The Cook's Oracle; and Housekeeper's Manual by Kitchiner, William

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