Under Chapter 11 a company can continue operating while it develops a plan to repay creditors.

This would permit the airline to operate while it develops a plan to repay creditors.

Zale's emergence comes a day after the bankruptcy court approved its plan to repay creditors.

Eastern said it still planned to repay creditors in full with interest.

New Century said that would disrupt its effort to wind down operations and repay creditors.

The new stock may increase in value, while any debt or cash that the company uses to repay senior creditors would not appreciate.

The goal in repaying creditors is to do so while living well.

By early July, in a move similar to declaring bankruptcy, the company began to liquidate its assets to repay creditors.

It stopped repaying its banks and other creditors in January.

The election commission has not ruled on whether the Hart campaign can use the 1988 funds to repay creditors from the 1984 race.