I don't believe that's right. Chapter 11 is bankruptcy protection presumably to protect oneself when considering an acquisition of another company's assets. I don't believe this automatically implies Chapter 1 and 2 process. Not saying that they don't have to go through this process but I don't believe the company has announced at any stage that they are going through that process.
ZYB Price at posting:
1.5¢ Sentiment: None Disclosure: Held