Chapter 9 bankruptcy

Definition of "Chapter 9 bankruptcy"
  1. A bankruptcy type exclusive to municipalities such as towns, cities, villages, counties, and school districts
How to use "Chapter 9 bankruptcy" in a sentence
  1. The city was forced to file for Chapter 9 bankruptcy due to insurmountable debt.
  2. Chapter 9 bankruptcy could be the only option left for the struggling county.
  3. The school district is considering filing a Chapter 9 bankruptcy to deal with its financial issues.

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