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词汇 chapter-11
释义 Chapter 11
noun[ 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(美国)破产法第十一章
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Chapter 11 | American Dictionary


Chapter 11
noun[ U ]
us/ˈtʃæp·tər ɪˈlev·ən/
law 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

Chapter 11 | Business English


Chapter 11
noun[ U ]
ukus
LAW, FINANCE
a part of the US law dealing with bankruptcy which protects companies from their creditors (= the people they owe money to) by allowing them extra time to improve their business before they have to pay back their debts:
The company filed for Chapter 11 bankruptcy protection after suppliers stopped shipments to its stores.
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