Chapter 11

noun

: bankruptcy as provided under Chapter 11 of the Bankruptcy Code which governs corporate reorganization

filed for Chapter 11

Examples of Chapter 11 in a Sentence

Recent Examples on the Web The healthcare system filed for Chapter 11 bankruptcy on May 6 and says its hospitals and medical centers will remain open during the bankruptcy process. —

Michelle Marchante, Miami Herald, 10 May 2024 The store-within-a-store concept offered Chicago shoppers an opportunity to buy Toys R Us products in person since the company moved primarily to online sales after closing its brick-and-mortar locations in the wake of its 2017 Chapter 11 bankruptcy filing. —

Shanzeh Ahmad, Chicago Tribune, 10 May 2024 On top of all of that, Fisker’s Austrian subsidiary filed for restructuring, which is roughly equivalent to filing for Chapter 11 bankruptcy. —

Andrew J. Hawkins, The Verge, 9 May 2024 Advertisement In February, general contractor Lendlease filed a petition for the involuntary Chapter 11 bankruptcy of Oceanwide Holdings to force a sale of the property and pay creditors who were demanding almost $400 million. —

Roger Vincent, Los Angeles Times, 8 May 2024 Shareholders’ claims will be calculated based on their holdings as of November 2022, when the crypto exchange filed for Chapter 11 bankruptcy. —

Rocio Fabbro, Quartz, 8 May 2024 The Sacklers owned and operated Purdue during the height of the opioid epidemic, and after Purdue filed for Chapter 11 bankruptcy in 2019, the family agreed to contribute $6 billion for abatement of the opioid crisis in exchange for the legal shield. —

Melissa Quinn, CBS News, 7 May 2024 The fast-fashion retailer filed for Chapter 11 bankruptcy for a third time on Thursday and is seeking to close its 541 stores, including four in Greater Cincinnati, Reuters reported. —

Bebe Hodges, The Enquirer, 3 May 2024 The broadcast giant filed for Chapter 11 bankruptcy restructuring in January. —

Steve Knopper, Billboard, 25 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'Chapter 11.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.