Proper noun
Chapter 11
(finance, US) Short for Chapter 11 bankruptcy.
A hearing is set for early November and the retailer is hopeful this will close its Chapter 11 case. Source: Internet
CEC, which also owns Peter Piper Pizza, is using Chapter 11 protection to “achieve a comprehensive balance sheet restructuring that supports its re-opening and longer-term strategic plans.” Source: Internet
Filing for Chapter 11 allows organizations to continue operating and making money, even as they reorganize, negotiate with insurance providers and set up a trust to dole out payments to future claimants. Source: Internet
Even large franchisees, like NPC International which operates thousands of Pizza Hut and Wendy's locations, are currently navigating the Chapter 11 process. Source: Internet
But the Boy Scouts argued that the councils are so closely related to the parent organization that the halt to lawsuits that is automatically granted to a debtor in a Chapter 11 bankruptcy should be extended to the local organizations. Source: Internet
By the time of its Chapter 11 bankruptcy filing, the company had successfully deployed 75 satellites. Source: Internet