Local Law Firms Home > Bankruptcy & Foreclosure News > Peabody and Patriot Coal Face Protests Over Bankruptcy Did you know? As per the bankruptcy law, a Chapter 11 filing allows an employer to reorganize while continuing operations. A Chapter 7 filing will dissolve the organization and liquidate all its assets to pay off whatever possible. A Chapter 11 filing allows the employer to continue operations and choose to keep the group health care plan intact. |