Chapter 11noun [ S ]
uk/ˈtʃæp.tər ɪˈlev.ən/us/ˈtʃæp.tɚ əˈlev.ən/a legal process in the US by which a company, when it owes money that it cannot pay, can stay in business while it organizes itself in a new way and agrees to pay some debts over a period of time
Thesaurus: synonyms and related words
Success & failure in business
- administration
- axe
- bankrupt
- bankruptcy
- branch
- branch out
- collapse
- establish
- fold
- foreclose
- liquidate
- liquidator
- locate
- moribund
- official receiver
- organic growth
- prosper
- receivership
- shut (sth) down
- spin
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