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Meaning of Chapter 11

Chapter 11

Pronunciation: [key]
— U.S. Law. U.S. Law.
  1. a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.