What is the meaning of Chapter 11?

Chapter 11 is a reorganization bankruptcy, usually involving a corporation or partnership. (A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in Chapter 11.).

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APABarry Goldsmith. (2010). chapter 11. Retrieved September 20, 2026, from http://smartdefine.org/chapter_11/definitions/1149789
ChicagoBarry Goldsmith. 2010. "chapter 11" http://smartdefine.org/chapter_11/definitions/1149789 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, chapter 11, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/chapter_11/definitions/1149789>.
MLABarry Goldsmith. "chapter 11" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/chapter_11/definitions/1149789>