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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

See Examples For:

Chapter 11 chapter 11

Florida high-speed railroad Brightline is planning an imminent Chapter 11 bankruptcy filing in New Jersey.

From The Wall Street Journal ● Sep. 23, 2026

Signorello Estate — a Napa Valley winery that rebuilt after becoming the poster child of the Atlas fire when its tasting room burned to the ground — filed for Chapter 11 bankruptcy protection last month.

From Los Angeles Times ● Sep. 9, 2026

A Chapter 11 petition, which LIV says is to "preserve the company's business", was filed in the United States on Tuesday.

From BBC ● Sep. 8, 2026

Hughes Network Systems, owned by EchoStar, filed for Chapter 11 bankruptcy on Sunday.

From The Wall Street Journal ● Aug. 3, 2026

Chapter 11: =up opportunities?'"= replaced by =up opportunities'?"=

From What She Could by Susan Warner

Brightline’s holding company will tap $490 million in exit financing backed by Assured Guaranty, First Eagle, Invesco, BlackRock, Nomura and Nuveen upon emerging from chapter 11, WSJ Pro Bankruptcy earlier reported.

From The Wall Street Journal ● Sep. 25, 2026

Keeping its operating company outside chapter 11 also helped Brightline avoid potential damages from these lawsuits, which could stack above creditor claims under the bankruptcy code governing railroad insolvencies.

From The Wall Street Journal ● Sep. 25, 2026

Private passenger railroad Brightline has filed for chapter 11 bankruptcy after buckling under $5.5 billion in debt.

From The Wall Street Journal ● Sep. 25, 2026

Florida’s high-speed railroad Brightline is planning an imminent chapter 11 bankruptcy filing in New Jersey, according to people familiar with the matter.

From The Wall Street Journal ● Sep. 23, 2026

Charles quickly opened the book to chapter 11 and slipped in his library card to bookmark the location.

From "Escape from Mr. Lemoncello's Library" by Chris Grabenstein