What don't you understand, Bancrupcy and filling for Bancrupcy protection is 2 diferent things....
When a company is in finacial difficulties, they are alowed to go to court, and try to proove to the court that they can turn things around and be able to pay their creditors. If the court agrees they will receive a time frame to turn things around, and the court will give them a period of time to do it. After that they will return to court at the specified date, and if the company is starting to show some changes for the better, the court will allow them more time. Until they are financily stable again.
So this Chapter 11 Bancrupcy thing is just a Paper that says to the creditors to hold on, so they don't go their and start repocessing some stuff.
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