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Chapter 7

/ˈʧæptər 7/
noun
GeneralLawFinance
  1. 1 Chapter 7 iflası, tasfiye yoluyla iflas uncountable

Definition (English)

A chapter of the US Bankruptcy Code for liquidation, where assets are sold to pay creditors.

Example Sentences

  1. The business underwent Chapter 7 liquidation.
    İşletme Chapter 7 kapsamında tasfiye edildi.
  2. Under Chapter 7, a trustee sells the debtor's assets to pay creditors.
    Chapter 7 kapsamında iflas idaresi, alacaklılara ödeme yapmak için borçlunun varlıklarını satar.

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