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

Examples of Chapter 11 in a Sentence

Recent Examples on the Web This one belongs to OneWeb, which, according to a report in the Financial Times, is preparing to file for chapter 11 bankruptcy protections and lay off most of its 500 staff. — Wired, "SpaceX Competitor OneWeb Is Reportedly Bankrupt," 27 Mar. 2020 Facing a series of cashflow crises and the inevitable decline of a trend, SFX’s eventual chapter 11 filing in 2016 was the unceremonious turning on of the lights every raver knows all too well. -- Z.M. 9. — Billboard Staff, Billboard, "The Top 100 Moments of the EDM Decade," 17 Dec. 2019 Charlotte Russe filed for chapter 11 in February and closed nearly 100 before reopening under the guidance of new ownership. — Nicola Dall'asen, Allure, "New Reports Claim Forever 21 Is Preparing to File for Bankruptcy," 29 Aug. 2019 Filing for chapter 11 freezes lawsuits and provides breathing room to work out a plan to compensate abuse victims. — Tom Corrigan, WSJ, "Catholic Church Used Bankruptcy for Sexual-Assault Cases. Now Others Are Following Suit.," 27 Dec. 2018 But Kalamarie will flourish, and my chapter 11 will have all been worth it. — Chelsea Peng, Marie Claire, "Get to Know This On-the-Cusp Handbag Brand, Boost Your Fashion Cred 100-Fold," 31 Aug. 2016 The case was settled in chapter 11 for $31 million. — Jonathan Randles And Lukas I. Alpert, WSJ, "Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for Gawker.com," 12 July 2018 Longaberger and parent company JRJR33 Inc. filed for chapter 11 protection in U.S. Bankruptcy Court in Dallas. — Lillian Rizzo, WSJ, "Maker of Longaberger Baskets Seeks Bankruptcy Protection," 29 June 2018 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

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.