Yes, and that's a great idea. Chapter 11 protects companies from their creditors. If a suitor comes along offering to buy the company that is in Chapter 11, the

Yes, and that's a great idea. Chapter 11 protects companies from their creditors. If a suitor comes along offering to buy the company that is in Chapter 11, the creditors can go to the judge and request that the judge allow the purchase to go through as a way of settling the company's debts. It happens all the time.