Chapter 11 Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “Chapter 11” in the English Dictionary

"Chapter 11" in British English

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Chapter 11noun [S]

/ˈtʃæp.tər ɪˈlev.ən/  us   /ˈtʃæp.tɚ əˈlev.ən/
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 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: The company filed for Chapter 11 bankruptcy protection after suppliers stopped shipments to its stores.
(Definition of Chapter 11 from the Cambridge Business English Dictionary © Cambridge University Press)
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