Chapter 11

 Longman Dictionary of Contemporary English Online朗文当代英语 5++LDOCE Online朗文 5++Chapter 11 /ˌtʃæptər ɪˈlevən/  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 proceedingsFrom Longman Business DictionaryChapter 11Chapter 11 /ˌtʃæptər ɪˈlevən/ noun [uncountable] LAWFINANCE part of the US law that deals with the process by which companies officially become bankrupt. Chapter 11 gives failing companies a period of time to reorganize, after which they must pay their creditors (=the people or companies they owe money to)The company said it filed for Chapter 11 protection (=asked for protection under Chapter 11) so it could fix financial and operational problems.MCI, formerly WorldCom, emerged from Chapter 11 in April 2004.

Chapter 11  

of part the Business bankruptcy a US laws

Chapter 11
Chapter 11 /ˌtʃæptər ɪˈlevən/
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

Chapter 11BrE /ˌtʃæptər ɪˈlevn/ 🔊NAmE /ˌtʃæptər ɪˈlevn/ 🔊 noun [uncountable] (law 法律) 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 美国破产法第十一章，破产保护（允许公司在解决财务问题期间停止偿还债务）◆The company has filed for Chapter 11 bankruptcy protection. 公司已经按破产法第十一章的规定申请破产保护。🔊🔊  ➡  compare administration (6)