Chapter 11

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Chapter 11

1. The chapter of US bankruptcy law by which insolvent businesses may reorganize under court supervision without ceasing business activity or liquidating their assets.

2. The condition in which a business may continue to operate in accordance with this law.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

chapter 11

(Law) US the statute regarding the reorganization of a failing business empowering a court to allow the debtors to remain in control of the business to attempt to save it: they are in chapter 11.

[C20: from chapter 11 of the Bankruptcy Reform Act (1978)]

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

Chapter 11 or Chapter XI,

a section of the U.S. Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision.

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References in periodicals archive ?

Bristow intends to use the Chapter 11 proceedings to restructure and strengthen its balance sheet and achieve a lower and more sustainable debt level, while continuing to provide safe, reliable and professional industrial aviation services to its global clients well into the future.

US Bankruptcy Court approves first day motions for Bristow

Still, he thinks headlines regarding the Berkshire interest could help drive renewed interest in PG&E from other large-cap entities, adding that "for all of the same reasons why we see credibility to a potential Berkshire bid, much of the same applies to any other large buyer." Dumoulin-Smith keeps No Rating on PG&E shares given ongoing Chapter 11 proceedings.

PG&E deal talks report could drive renewed interest, says BofA/Merrill

It anticipates that promptly following the Extraordinary General Meeting on November 19, 2018 and satisfaction or waiver of all conditions precedent to the effectiveness of the Company's Modified Fourth Amended Joint Plan of Reorganization, the Company will emerge from its Chapter 11 proceedings.

Pacific Drilling S.A. meeting on November 19

DiPasquale previously served as lead bankruptcy counsel of unsecured creditors in the Chapter 11 proceedings of Mountain Creek Resorts, Inc., and also as lead special litigation counsel for retailer Dots, LLC, in Chapter 11 proceedings.

Bankruptcy partner joins Lowenstein Sandler

Pacific Drilling SA (OTC:PACDQ) declared on Friday that it has made progress in its Chapter 11 proceedings.

Pacific Drilling declares bankruptcy proceedings' developments

(NYSE : FE) has signed a definitive settlement agreement in the Chapter 11 proceedings for FirstEnergy Solutions, its subsidiaries and FirstEnergy Nuclear Operating Company.

FirstEnergy signs definitive settlement agreement in FirstEnergy Solutions' Chapter 11 proceedings

Woodbridge will continue to operate as before through the Chapter 11 proceedings.

Woodbridge Group implements debt restructuring via voluntary chapter 11

Teele and Stefanelli have extensive experience representing creditors, debtors, and other parties in complex chapter 11 proceedings, out of court restructurings, and distressed transactions throughout the U.S.

Cullen and Dykman LLP

We expect the implementation of a comprehensive restructuring plan will likely involve schemes of arrangement or Chapter 11 proceedings," it said.

Seadrill warns of share, bond wipe-out

To that end, Jumio's US business has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to facilitate the process.