CHAPTER 11


Meaning of CHAPTER 11 in English

Chapter 11 /ˌtʃæptər ɪˈlev ə n/ BrE AmE

a part of the US ↑ bankruptcy laws that allows a company with financial problems to reorganize itself so that it will not be forced to close down:

Our competitor has filed for Chapter 11.

Chapter 11 proceedings

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.