Chapter 11

or Chapter Eleven, Chapter XI

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noun U.S. Law.

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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THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?

Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.

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In the UK, COTTON CANDY is more commonly known as…

candystring

candyfloss

candypuff

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Words nearby Chapter 11

chaps, Chap Stick, chaptalization, chaptalize, chapter, Chapter 11, Chapter 11 bankruptcy, chapter 7, chapter and verse, chapter book, chapter head

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use Chapter 11 in a sentence

There were 5,236 Chapter 11 filings in 2019, but 6,917 last year, a tally at least 30 percent higher than any of the previous four years.
The wave of covid bankruptcies has begun|Jonathan O'Connell, Anu Narayanswamy|February 26, 2021|Washington Post
Just this week, coworking space Knotel filed for Chapter 11 bankruptcy.
Can the pandemic save WeWork?|Michelle Cheng|February 6, 2021|Quartz
Le Tote, a clothing rental start-up, that bought Lord & Taylor last year for about $100 million, also filed for Chapter 11 bankruptcy on Sunday.
Pandemic bankruptcies: A running list of retailers that have filed for Chapter 11|Abha Bhattarai|December 4, 2020|Washington Post
Sephora and Kohl’s, which started talking about the potential partnership around the time Penney filed for Chapter 11 bankruptcy in the spring, will start with 200 locations next year, and build up to 850 by 2023.
Kohl’s replaces J.C. Penney as Sephora’s U.S. big retail partner|Phil Wahba|December 1, 2020|Fortune

After store redesigns and other changes failed to draw customers, the Fort-Worth, Texas, company filed for Chapter 11 bankruptcy protection in 2015 and then again two years later.
Left for dead, twice, RadioShack gets another shot online|Verne Kopytoff|November 26, 2020|Fortune

British Dictionary definitions for Chapter 11

chapter 11

noun

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 itthey are in chapter 11

Word Origin for chapter 11

C20: from chapter 11 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