Meaning Of The Word Chapter 11

Real Dictionary
  1. Real Dictionary
  2. C Words Definitions
  3. Section C-163
  4. Chapter 11

What's the definition of Chapter 11? Find Chapter 11 meanings, definitions and more at the Real Dictionary online.

Chapter 11 Meaning

Chapter 11 Definition
Chapter 11 Definition

What's The Definition Of Chapter 11?

chapter 11 in American English
a proceeding under the Federal Bankruptcy Act whereby a company or corporation may, through a court order, remain in business for a time as long as it pays current debts, but must eventually reorganize and pay its creditors or cease operations
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 in British English
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

More Definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Definitions Of The Day