Whether the resort will be able to keep it up, and hold onto its staff, during a Chapter 11 reorganization, remains to be seen, however.
Continental filed for Chapter 11 reorganization last Dec. 3.
A Chapter 11 (reorganization) bankruptcy may not have any effect on your retirement plan and the plan may continue to exist.
A company undergoing Chapter 11 reorganization is effectively operating under the "protection" of the court until it emerges.
However, we feel it is also necessary to carefully consider the alternative or complementary approach of a Chapter 11 reorganization.
On August 15, 2011, the company filed for Chapter 11 reorganization with the intent of selling its assets.
In Chapter 11 reorganizations, creditors may lose but businesses keep on operating.
After taking over the company, the new management filed for a Chapter 11 reorganization.
The bankruptcy was converted to a Chapter 11 reorganization.
After lending the company $5 million, he found it weaker than he suspected, and realized that a Chapter 11 reorganization would never work.
