Thanks. I wanted to avoid getting into the weeds on Chapter 7 (liquidation) vs. Chapter 11 (reorganization). Both are so disruptive and costly that threatenin

Thanks. I wanted to avoid getting into the weeds on Chapter 7 (liquidation) vs. Chapter 11 (reorganization). Both are so disruptive and costly that threatening to invoke them can be (and has been) used to force a public bailout. A good example is the case of California Edison and Dynergy from 2001. [1] https://www.latimes.com/archives/la-xpm-2001-jan-16-mn-12864-story.html https://www.latimes.com/archives/la-xpm-2001-jan-16-mn-12864...