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

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.ai, a California startup that has faced lawsuits over allegations that chatbots created on its platform harmed the mental health of teens and led to copyright issues, filed for Chapter 11 bankruptcy.

From Los Angeles Times ● Oct. 13, 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

The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, starting a court-supervised "restructuring process" that they hope to complete in early 2027.

From BBC ● Oct. 6, 2026

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