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• The company said it filed for Chapter 11 protection (= asked for protection under Chapter 11 ) so it could fix financial and operational problems.
• MCI, formerly WorldCom, emerged from Chapter 11 in April 2004.
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The company filed for Chapter 11 bankruptcy protection after suppliers stopped shipments to its stores.
United Glossary of Bankruptcy Terms2012.
US Bankruptcy2012.
A Chapter 11 reorganization is the most complex of all bankruptcy cases and generally the most expensive. It should be considered only after careful analysis and exploration of all other alternatives.
Розділ 11 (розділ Кодексе США про банкрутство, що регулює питання реорганізації неплатоспроможних компаній під керівництвом старих керівників)