0 laws that limit the amount of money a bankrupt company (= one that owes more money than it can pay) must pay to those it owes money to: --
The Chicago-based business, already forced into Chapter 11 bankruptcy protection, said that a complete collapse is now a "distinct possibility".
It's the second time the company has sought bankruptcy protection in 25 months.
We have filed for bankruptcy protection from creditors.
The firm filed for bankruptcy protection after a massive accounting scandal.