Chapter 9

Definition of "Chapter 9"
  1. A section of the U.S. Bankruptcy Code which outlines the process for municipalities to restructure their debts
How to use "Chapter 9" in a sentence
  1. The city, overwhelmed by its financial obligations, sought relief under Chapter 9.
  2. After failing to repay its bonds, the town had no choice but to file for Chapter 9 bankruptcy.
  3. Chapter 9 procedures were initiated to help the county financially reorganize and become solvent again.

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