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chapter 7

British  

noun

  1. the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss

"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

Etymology

Origin of chapter 7

C20: from chapter 7 of the Bankruptcy Reform Act (1978)

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

Girardi was sued by his business partners, resulting in a chapter 7 bankruptcy petition.

From Fox News Jul. 17, 2021

The news was a relief to the country’s consumer bankruptcy lawyers, who often see their clients use refunds to cover the cost of filing for chapter 7 bankruptcy.

From The Wall Street Journal Jan. 8, 2019

A chapter 13 bankruptcy is different than a chapter 7 because debts are not discharged in a chapter 13 bankruptcy.

From Encyclopedia.com Jun. 26, 2018

Sorry Gibson, keep the same awful quality control and you’ll be on the path of chapter 7.

From New York Times Mar. 30, 2018

And you may well believe what the Holy Spirit speaks by the mouth of the Evangelist, in the words of St. Matthew, chapter 7: "An evil tree cannot bring forth good fruit."

From The Old Yellow Book Source of Robert Browning's The Ring and the Book by Anonymous

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