Is Alameda research in bankruptcy?

Here is the bankruptcy petition filed by Alameda Research on Friday, Nov. 11, in the U.S. Bankruptcy Court in Delaware.

What happens if a company goes bankrupt in Sweden?

In a bankruptcy, all assets of the debtor are liquidated under the administration of the creditors, although the law provides for debt restructuring options similar to those under Chapter 11 of the U.S. Bankruptcy code. In Sweden, bankruptcy (Swedish: konkurs) is a formal process that may involve a company or individual.

What does bankruptcy mean?

Bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts.

What is a Chapter 11 bankruptcy?

Chapter 11 is named after a section of the U.S. Bankruptcy Code. Companies that file Chapter 11 do so in order to obtain time to restructure their debts and make a fresh start. The terms are subject to the debtor fulfilling its obligations under the plan of reorganization.