Companies Filing for Bankruptcy Chapter 11

As we the American people struggle to keep our financial in check, major brands are falling by the wayside. Remember, Circuit City? They not the only major brand that will hit the bricks. Major Brands and Companies are filing for Chapter 11 Bankruptcy like never before.

Companies and Major Brands Filing For Chapter 11 Bankruptcy

• Phoenix Coyotes – Hockey Team
• Hartmarx – Suite Maker
• Six Flags – Amusement Park
• Crabtree & Evelyn – Soap Retailer
• Filene’s Basement – Discount Store
• Eddie Bauer – Clothing Retailer

What is Chapter 11 Bankruptcy

Chapter 11 Bankruptcy can be called “reorganization or restructuring”. This type of bankruptcy allows companies the chance to reorganize their companies finances. Unlike chapter 7 or chapter 13, chapter 11 bankruptcy is available to corporation and sole proprietorship alike. And chapter 11 unlike chapter 7 does not require “cease operation” or “company liquidation”.

For More Information on Chapter 11 Bankruptcy see “Chapter 11“.

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Other Resources

• Six Flags Files Chapter 11 Bankruptcy Protection
• Tribune Newspaper Due To Go Under