Chapter 11 doesn't mean they're going under, it will allow them to stay in business and reorganize their obligations. GM filed the largest bankruptcy in US history and they're still making and selling cars.Realise this is a company you guys probably don’t know too much about …but Revlon is filing for bankruptcy after 90years of business.
I guess it’s a sign of the times, if a huge icon that has been so popular can’t make it, it leaves little hope for the rest of us
https://www.smh.com.au/business/com...ket-files-for-bankruptcy-20220617-p5aues.html
There are various reports in Aus this is one, another is they will be closing up shop…regardless it’s still a sign of the timesChapter 11 doesn't mean they're going under, it will allow them to stay in business and reorganize their obligations. GM filed the largest bankruptcy in US history and they're still making and selling cars.