Chapter 11 bankruptcy

Cultural  

1. A provision of the U.S. bankruptcy law which enables a failing firm to apply to the courts for protection against all creditors while it is reorganized to pay its debts. This provision enables a firm to avoid being closed down by any single creditor and gives investors a chance to decide whether the firm can again be made profitable. At the same time, it gives dishonest management the opportunity to loot the firm's assets while the case is before the courts.

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Chapter 11 bankruptcy

Barring a major last-minute surprise, the league will wind down through its Chapter 11 bankruptcy proceedings and go through liquidation.

From The Wall Street Journal ● Nov. 5, 2026

The company filed for Chapter 11 bankruptcy in U.S.

From Los Angeles Times ● Nov. 4, 2026

In August, EchoStar’s Hughes Network Systems filed for Chapter 11 bankruptcy protection, shortly after its Dish Wireless and Dish DBS subsidiaries had done so.

From MarketWatch ● Oct. 16, 2026

The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar backing.

From BBC ● Oct. 16, 2026

Character Technologies, the company behind Character.ai, has filed for Chapter 11 bankruptcy to facilitate a sale of its assets.

From The Wall Street Journal ● Oct. 13, 2026

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