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• Chapter 11
  Chapter 11

  noun

  a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.
• chapter 11
  chapter 11

  noun

  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

Chapter 11

American  

Or Chapter Eleven,

noun

U.S. Law.

1. a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.

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chapter 11 British  

noun

1. 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

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Etymology

Origin of chapter 11

C20: from chapter 11 of the Bankruptcy Reform Act (1978)

Example Sentences

Villa Chardonnay filed for Chapter 11 bankruptcy in October 2025 after the property in Julian went into foreclosure stemming from a $1.6-million unpaid loan, according to court records.

From Los Angeles Times • May 9, 2026

Hertz filed for Chapter 11 bankruptcy protection in 2020 before emerging in June 2021.

From MarketWatch • Apr. 30, 2026

The company filed for Chapter 11 bankruptcy in November 2024.

From The Wall Street Journal • Apr. 26, 2026

Spirit has twice filed for Chapter 11 bankruptcy protection since—it hopes to finally emerge from it in the summer.

From Barron's • Apr. 14, 2026

Chapter 11: =old-fashioned flowers showed= replaced by =old-fashioned flowers, showed= Chapter 18: =with it.

From The End of a Coil by Warner, Susan