Longman Dictionary English From Longman Business DictionaryRelated topics: Finance, LawChapter 7ˌChapter ˈ7 noun [uncountable] LAWFINANCE the part of the US law that deals with the process of a company that is bankrupt going into LIQUIDATIONChapter 7 proceedings begin with the debtor’s filing of a petition with the bankruptcy court. ldoceonline.com
