go Chapter 11
An American financial idiom meaning to file for Chapter 11 bankruptcy protection — the form of US bankruptcy law that allows businesses to restructure their debts while continuing operations, rather than liquidating entirely.
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An American financial idiom meaning to file for Chapter 11 bankruptcy protection — the form of US bankruptcy law that allows businesses to restructure their debts while continuing operations, rather than liquidating entirely. Used in business journalism and financial conversations as shorthand for the restructuring process.
The airline was rumoured to be about to go Chapter 11 unless a buyer emerged.
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(finance, US) To file for Chapter 11 bankruptcy.
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(US, finance, law) A type of bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States, conferring protection from creditors.
- pre-packaged bankruptcy57%
(finance, banking) A filing for bankruptcy by submitting to the court a virtually complete plan designed to avoid a protracted court-guided period of reorganization and debt restructuring.
- go under56%
(idiomatic) To collapse or fail, e.g. by going bankrupt.
- go through the mill55%
(UK, slang, obsolete) To go through bankruptcy.