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Chapter 11
noun
: bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization
filed for Chapter 11
Examples of Chapter 11 in a Sentence
Recent Examples on the Web
While fellow mall staples like California Pizza Kitchen and TGI Fridays have filed for Chapter 11 bankruptcy in recent years, the Cheesecake Factory has escaped the same fate.
—Amelia Lucas, CNBC, 19 Dec. 2024
In September, Big Lots filed for Chapter 11 bankruptcy reorganization after having suffered continuous losses.
—Rob Wile, NBC News, 19 Dec. 2024
As a result, the company, which filed for Chapter 11 bankruptcy in April, understated its CEO's compensation by 94% over three fiscal years, according to the agency.
—Kate Gibson, CBS News, 17 Dec. 2024
Revlon, which also has been hit by tough times, tapped Michelle Peluso as its CEO a year-and-a-half after emerging from Chapter 11 bankruptcy with a new owner, new board and billions less in debt.
—Kathryn Hopkins, WWD, 16 Dec. 2024
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“Chapter 11.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Chapter%2011. Accessed 23 Dec. 2024.
Legal Definition
chapter 11
noun
chap·ter 11
: chapter 11 of the U.S. Bankruptcy Code see also Bankruptcy Code
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