Chapter 11Chapter 11 /ˌtʃæptər ɪˈlevən/ 
a part of the US bankruptcy laws that allows a company with financial problems to reorganize itself so that it will not be forced to close down: 
Our competitor has filed for Chapter 11. Chapter 11 proceedings
a part of the US bankruptcy laws that allows a company with financial problems to reorganize itself so that it will not be forced to close down: Our competitor has filed for Chapter 11. Chapter 11 proceedings