But he said the company might still be forced into Chapter 11 bankruptcy.

This series of events led to the company's Chapter 11 bankruptcy in 1992.

The video game company, however, filed for Chapter 11 bankruptcy in 2009.

"A lot of companies may not file for Chapter 11 bankruptcy, but they do need more capital."

By year's end, it had filed for Chapter 11 bankruptcy.

Next week, it will be filing for Chapter 7 bankruptcy.

But some smaller businesses say the bill will drive them into Chapter 11 bankruptcy.

Filing for Chapter 11 bankruptcy is only one of the options being considered.

In a Chapter 7 bankruptcy, the individual is allowed to keep certain exempt property.

His bill does not address the question of how much property should be exempt in a Chapter 7 bankruptcy.