Meaning Of The Word 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 |
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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 |
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