Originally Posted by Finessed

I stand corrected let me rephrase.

You file THEN A judge approves the reorganization plan. The judge STILL HAS TO APPROVE your plan. I believe that only 10% of filings that are brought to a judge and requesting approval for chapter 11 are accepted.

Just because I file a lawsuit towards someone, does not necessarily result I’ll win the the case after being presented.

If you bring your plan of reorganization for your business to a judge with 42 billion in debt, and 10 million cash burn per day, GOOD LUCK having that approved.

The result of not receiving chapter 11 approval by a judge, would result in the dreaded chapter 7.