-
For companies, it's a system to help them get back on their feet.
-
When a company files for Chapter 11 bankruptcy,
-
what they're saying is, hey we can't pay; we're out of money;
-
and we have all these people coming to us
-
that we owe money to and we don't know who to pay first.
-
We just don't have enough money. It becomes a disorderly process
-
and so they go to the court for protection.
-
When a company runs out of money and it can't pay its bills,
-
then that can destroy the company immediately
-
because people who were delivering things to the company that
-
they need will stop delivering them.
-
They say, I hear you're bankrupt;