Reply to "BREAKING NEWS: How will the Peabody bankruptcy affect the railroads?"

initagainOGR Forum Member

I live in Canada, but I think a chapter 11 filing in the U. S. protects a company from creditors while it reorganizes to avoid actual bankruptcy. A judge usually has to approve the company's plan for restructuring and emergence from this status, once the plan is executed.

I don't think this company could continue to operate if it had actually filed for bankruptcy.

I certainly stand to be corrected.

4/13/168:42 PM

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