Chapter 11

noun

Definition of Chapter 11

: bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization

filed for Chapter 11

Recent Examples of chapter 11 from the Web

On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy.

— megan geuss, Ars Technica, "Coal, nuclear plant operator files for bankruptcy, asks Trump for a bailout," 1 Apr. 2018
The big-box retailer filed for chapter 11 protection in September with hopes of reorganizing its heavy debt load, revamping its stores and operations, and continuing as a mainstay toy business.

— paul page, WSJ, "Today’s Top Supply Chain and Logistics News From WSJ," 9 Mar. 2018
Just in the past few months, Shiekh Shoes and Sports Zone, two regional chains that derived most of their sales from Nike, have filed for chapter 11 bankruptcy.

— sara germano, WSJ, "Nike Sales Climb, Despite Declines in North America," 21 Dec. 2017
Westinghouse filed for chapter 11 protection in March following an effort to build new nuclear reactors in the U.S. that was plagued by billions of dollars in cost overruns.

— tom corrigan, WSJ, "Judge Approves Emergency Funding for Westinghouse’s Global Nuclear Business," 26 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'Chapter 11.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.