Meaning of “Chapter 11” in the English Dictionary

business-english dictionary

(Definition of “Chapter 11” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"Chapter 11" in American English

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Chapter 11noun [ U ]

us /ˈtʃæp·tər ɪˈlev·ən/

law a legal process in the US by which a company, when it owes money that it cannot pay, can stay in business while it organizes itself in a new way and agrees to pay some debts over a period of time

(Definition of “Chapter 11” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"Chapter 11" in Business English

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Chapter 11noun [ U ]

uk us

LAW, FINANCE a part of the US law dealing with bankruptcy which protects companies from their creditors (= the people they owe money to) by allowing them extra time to improve their business before they have to pay back their debts:

(Definition of “Chapter 11” from the Cambridge Business English Dictionary © Cambridge University Press)