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.
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, 2004
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Whenever making a congratulatory remark, this is what you say. Made popular by Kamala Harris when she and Joe Biden won the presidency.
by Zozogabobo December 04, 2020
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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 12, 2006
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Gay. Homosexual. Two of the same thing pressed together. Usually used as an insult.
From the book "Proxy" by Alex London
From the book "Proxy" by Alex London
by Sir-Berus January 28, 2018
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by k November 28, 2004
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