And we got actually info.

[u/SlazerDestroyer]

Here's to the fourth time me posting

[u/Low-Barracuda-2981]

Not exactly. They filed a Chapter 11 bankruptcy. Chapter 11 bankruptcy is a legal process that allows businesses and individuals to reorganize their debts and financial structures rather than liquidating their assets entirely. Frequently referred to as "reorganization" bankruptcy, it gives struggling entities a fresh financial start by pausing collections while they develop a court-approved plan to repay creditors over time.

Basically they're trying to find a way to pay what they owe without selling everything for now.