Advertisement

Advertisement

chapter 7

noun

  1. the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


Discover More

Word History and Origins

Origin of chapter 71

C20: from chapter 7 of the Bankruptcy Reform Act (1978)
Discover More

Example Sentences

Examples have not been reviewed.

In March 2023, the disgraced businessman filed for Chapter 7 bankruptcy protection, which was still going on when Sire Spirits’ legal team secured a judgment lien against Green’s home in Westport, Conn., according to the court documents.

From

But El Aviso hasn’t published since November; in January, its parent company declared Chapter 7 bankruptcy.

From

After playing their first gig in a Foyles bookshop, they released their debut EP, Chapter 7, in 2016, and a debut album, You Can't Steal My Joy in 2019.

From

AllHere is now in Chapter 7 bankruptcy, its employees have been laid off, and the company is under the control of a court-appointed bankruptcy trustee, according to the U.S. attorney’s office.

From

That was important to Fisker, the National Highway Traffic Safety Administration and car owners, who filed objections to converting the bankruptcy to Chapter 7, noting the startup’s only vehicle — a premium SUV called the Ocean — has several open recalls for faulty door handles, loss of power and other problems.

From

Advertisement

Advertisement

Advertisement

Advertisement


Chapter 11 bankruptcychapter and verse