Chapter 11 bankruptcy

Definition of "Chapter 11 bankruptcy"
  1. A bankruptcy classification enabling businesses to restructure their debts and continue operating
How to use "Chapter 11 bankruptcy" in a sentence
  1. Facing financial difficulties, the company filed for Chapter 11 bankruptcy to protect itself while it restructured its debts.
  2. Chapter 11 bankruptcy is not an end, but a means to salvage a business's future through reorganization.
  3. To avoid liquidation, the company opted for Chapter 11 bankruptcy, allowing it to restructure its financial obligations.

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