Chapter 11 noun [U]

(Law )

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 (= applied for) Chapter 11 bankruptcy protection.

Their US operations remain in (= are being dealt with under) Chapter 11.

trying to help the airline out of Chapter 11

Under Chapter 11, the company will not have to pay outstanding (=existing) bills to suppliers.

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