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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
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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