Comment by OriginalSyn

They filed a Chapter 11 Bankruptcy which means they don't have to fully liquidate to their creditors and also means their debt is not absolved, merely that there is a trustee appointed to oversee their assets while allowing the business to continue. They could still end up filing a Chapter 7 in which they would have to liquidate and would mean the end of the company as we know it but they are not there yet.