338 Views • Created 7 years ago By Brad • Updated 6 years ago Share →
Created By Brad • Updated 6 years ago
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![Gaker Has Filed for Bankruptcy (thedailybeast.com 7274 submitted 4 months ago by GuacamoleFanatic sorted by: best ▼ you are viewing a single comment's thread 5971 comments share view the rest of the comments → [-] Nova Human 4770 points 4 months ago Just in case people are confused: They filed for Chapter 11 bankruptcy, not Chapter 7. This means they're not shutting down, but can reorganize, sell to another company, etc.. permalink embed -1 dittbub 7 points 4 months ago CAN they still shut down though? permalink embed parent [-] StanGibson18 26 points 4 months ago Yes, this just allows them to renegotiate, reduce, and restructure their debt. It's a tough process that many companies don't survive. There's plenty of hope that they are done. permalink embed parent](https://i.kym-cdn.com/photos/images/list/001/181/217/ebe.jpg)
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