Chapter 11

Contrary to pouplar belief, Chapter 11 is not bankruptcy... It is Bankruptcy PROTECTION. Companies file Chapter 11 in order to restructure while protecting themselves from being liquidated by creditors.
Chapter 7 is liquidation with a cessation of all business activities.

US Airways Filed for Chapter 11 again. If the judge doesn't cancel the employee contracts, they'll be in Chapter 7 soon.

by Dohmnuill December 30, 2005

Chapter 11

An essential chapter to avoid bankruptcy; also used to describe a bankruptcy lawyer's genitals.

Yeah so I was having this Chester guy handle my chapter 11 cause im in serious debt, but it turns out the whole time he was feeling his own chapter 11. Never trust a Salomon

by GerbalFiend April 13, 2006

Chapter 11

Gay. Homosexual. Two of the same thing pressed together. Usually used as an insult.

From the book "Proxy" by Alex London

Guy1: Hey, you're cute.
Guy2: Ew, gross! Chapter 11 freak.

by Sir-Berus January 29, 2018

chapter 11

To go bankrupt, to lose all money.

K-Mart is going to chapter 11 if they keep selling low quality products.

by k November 29, 2004

Chapter 11 baby factory

A post menopausal woman still open for “business” but repurposed space is not open for production.

I was recently at Grandma’s water aerobics class and saw a straight up chapter 11 baby factory DTF.

by Gilf factory November 10, 2019