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CHAPSee: Clearing House Automated Payments SystemCHAP Similar MatchesChapter 11Chapter 11In the US a company can file for protection under Chapter 11 of the country's bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganise the business. Note that there are different Chapters, with different implications. Subchapter SSubchapter SIRS regulation that gives a corporation with 35 or fewer shareholders the option of being taxed as a partnership to escape corporate income taxes. CHAPSCHAPSClearing House Automated Payment System. An electronic way of transferring money between accounts. Clearing House Automated Payments System (CHAPS)Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS). Chapter 11Chapter 111. In NAFTA, this portion deals with foreign direct investment. Most controversially, it includes a provision for a firm from one member country that has invested in another to bring action against a unit of government in that country if it has acted to reduce the value of its investment. 2. A portion of U.S. bankruptcy law under which a firm can file for protection while it reorganizes. Further SuggestionsChapter 11 ProceedingsSubchapter M |
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