Professionals have their own colloquialisms wrt 'bankruptcy', which differs from a laypersons use of the word. Ch 7 bankruptcy is what most laypeople call 'ban

Professionals have their own colloquialisms wrt 'bankruptcy', which differs from a laypersons use of the word. Ch 7 bankruptcy is what most laypeople call 'bankruptcy', which usually applies to individuals (but can apply to corporations). I am aware that Ch 11 is under the US bankruptcy code. However, bankruptcy in this context (headlines), as used by distressed debt journalists, lawyers, bankers and investors, refers to CH 11 not Ch 7. They'd refer to Ch 7 as 'Ch 7 bankruptcy'. Ch 11 just goes by 'Ch 11' or simply 'bankruptcy'.