Chapter 11
noun
: bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization
filed for Chapter 11
Example Sentences
Recent Examples on the Web This one belongs to OneWeb, which, according to a report in the Financial Times, is preparing to file for chapter 11 bankruptcy protections and lay off most of its 500 staff. 
Wired, 27 Mar. 2020 Facing a series of cashflow crises and the inevitable decline of a trend, SFX’s eventual chapter 11 filing in 2016 was the unceremonious turning on of the lights every raver knows all too well. -- Z.M.9. Billboard Staff, Billboard, 17 Dec. 2019 Charlotte Russe filed for chapter 11 in February and closed nearly 100 before reopening under the guidance of new ownership. Nicola Dall'asen, Allure, 29 Aug. 2019 Filing for chapter 11 freezes lawsuits and provides breathing room to work out a plan to compensate abuse victims. Tom Corrigan, WSJ, 27 Dec. 2018 But Kalamarie will flourish, and my chapter 11 will have all been worth it. Chelsea Peng, Marie Claire, 31 Aug. 2016 The case was settled in chapter 11 for $31 million. Jonathan Randles And Lukas I. Alpert, WSJ, 12 July 2018 Longaberger and parent company JRJR33 Inc. filed for chapter 11 protection in U.S. Bankruptcy Court in Dallas. Lillian Rizzo, WSJ, 29 June 2018 On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. Megan Geuss, Ars Technica, 1 Apr. 2018 See More
Wired, 27 Mar. 2020 Facing a series of cashflow crises and the inevitable decline of a trend, SFX’s eventual chapter 11 filing in 2016 was the unceremonious turning on of the lights every raver knows all too well. -- Z.M.9. Billboard Staff, Billboard, 17 Dec. 2019 Charlotte Russe filed for chapter 11 in February and closed nearly 100 before reopening under the guidance of new ownership. Nicola Dall'asen, Allure, 29 Aug. 2019 Filing for chapter 11 freezes lawsuits and provides breathing room to work out a plan to compensate abuse victims. Tom Corrigan, WSJ, 27 Dec. 2018 But Kalamarie will flourish, and my chapter 11 will have all been worth it. Chelsea Peng, Marie Claire, 31 Aug. 2016 The case was settled in chapter 11 for $31 million. Jonathan Randles And Lukas I. Alpert, WSJ, 12 July 2018 Longaberger and parent company JRJR33 Inc. filed for chapter 11 protection in U.S. Bankruptcy Court in Dallas. Lillian Rizzo, WSJ, 29 June 2018 On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. Megan Geuss, Ars Technica, 1 Apr. 2018 See More Word History
Etymology
see chapter
First Known Use
1970, in the meaning defined above
Legal Definition
chapter 11
noun
chap·ter 11
: chapter 11 of the U.S. Bankruptcy Code see also Bankruptcy Code
Chapter 11
noun
as in bankruptcy
Synonyms & Similar Words
Relevance
- bankruptcy
- insolvency
- ruin
- failure
Antonyms & Near Antonyms
- solvency