Local Law Firms Home > Bankruptcy & Foreclosure News > Peabody and Patriot Coal Face Protests Over Bankruptcy
Did you know?
As per the bankruptcy law, a Chapter 11 filing allows an employer to reorganize while continuing operations.
A Chapter 7 filing will dissolve the organization and liquidate all its assets to pay off whatever possible. A Chapter 11 filing allows the employer to continue operations and choose to keep the group health care plan intact.