In the United States, a company may only file for Chapter 11 bankruptcy protection one time.

Question

Quizplus · Accepted Answer

A company in the United States can file for Chapter 11 bankruptcy protection more than once. This process, sometimes referred to as "Chapter 22" for a second filing or "Chapter 33" for a third, allows companies to reorganize and attempt to become financially stable again, even if they have previously filed for bankruptcy.

In the United States, a Company May Only File for Chapter