Chapter 11 Bankruptcy - Reorganization
Chapter 11 Bankruptcy is a reorganization. It in not a liquidation. Many companies that file for protection under Chapter 11 of the Federal Bankruptcy Act do so because they cannot pay a major creditor, or they are seeking protection because they have been named in a lawsuit. The lawsuit may be legitimate or not. Even an illegitimate lawsuit must be addressed.
Many successful companies have filed for protection under Chapter 11. Following is a partial list of these companies:
AIG Financial
Armstrong Flooring
Regal Cinemas
Revlon
American Greetings
24 Hour Fitness
Bakers Square
Bergdorf Goodman
Brodon Dairy Co
Brooks Brothers
California Pizza Kitchen
Chuck E. Cheese
Dollar Rent A Car
GNC
Gold's Gym
Guitar Center
Hertz
Jos. A. Bank
Lucky's Market
McClatchy Company
Neiman Marcus
Pier 1 Imports
Ruby Tuesday
Sizzler
Forever 21
Payless
Baldwin Piano
Gump's
Sears
Winn-Dixie
Babies "R" Us
Eastern Airlines
J.G.Wentworth
Radioshack
Toys "R" US
Westinghouse Electric
American Apparel
Direct Buy
Republic Airways
Sport Chalet
The Orange County Register
Brooks Store
Quiznos
Sbarro
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