CHAPTER 11 Definition

Bookmark and Share

CHAPTER 11, in the U.S., is where a company can file for protection under Chapter 11 of the bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganize the business.

Learn new Accounting Terms

ACCOUNTABILITY is the obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner. It also includes the responsibility for money or other entrusted property. 

GBP is United Kingdom Pound Sterling (Currency Code).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.