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chapter 7
noun
1.
(
US
) the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss
Word Origin
C20: from
chapter 7
of the Bankruptcy Reform Act (1978)
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
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chapter
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chaptalize
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