Chapter 9 Bankruptcy
/ˈchap.tər naɪn ˈbæŋk.rʌp.si/
Definitions
- (n.) A form of bankruptcy reorganization available exclusively to municipalities under U.S. bankruptcy law, allowing adjustment of debts without liquidation.
The city filed for Chapter 9 bankruptcy to renegotiate its outstanding debts.
Forms
- chapter 9 bankruptcy
- chapter 9 bankruptcies
Related terms
See also
Commentary
Chapter 9 bankruptcy uniquely applies to municipalities, differing from corporate and individual bankruptcy chapters, with distinct eligibility and procedural rules.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.