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Definition of Chapter 11 noun from the Oxford Advanced Learner's Dictionary

Chapter 11

noun
 
/ˌtʃæptər ɪˈlevn/
 
/ˌtʃæptər ɪˈlevn/
[uncountable] (law)
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  1. in the US, a section of the law dealing with bankruptcy (= being unable to pay debts), that allows companies to stop paying their debts in the normal way while they try to find a solution to their financial problems
    • The company has filed for Chapter 11 bankruptcy protection.
    compare administration
See Chapter 11 in the Oxford Advanced American Dictionary
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