Quote:
Originally Posted by JRG
Thanks for the clarification. This line
"It is not clear yet whether iRex, inventor of eInk technology and one of the first producers of e-reading devices, will resume business later on, or that the company will file for bankruptcy."
from
https://www.mobileread.com/forums/showthread.php?t=86396
seemed to suggest the a Chapter 11 filing was not a form of bankruptcy filing. |
Probably just a confusion of terminology. Technically, Chapter 11 and Chapter 7 are both forms of "bankruptcy". Most people think that "bankruptcy" means that the game is over though, which is usually the Chapter 7 version. Sometimes companies can file Chapter 11 and then recover.