Reply #8: Relax, they don't have to cease doing business

[dragonlady]

Chapter 11 allows the company to reorganize under the protection of the bankruptcy court, which forces their creditors to give them some space to get the business back on its feet. Barack may be buying his suits from them for years to come.

Long, detailed description of Chapter 11 bankruptcy:

http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter11.html