Dear SCO Customers and Partners,

This afternoon we took the extraordinary step of filing for Chapter 11 protection in U.S. Bankruptcy Court to protect assets for our creditors and stockholders and to ensure the continuation of our normal business operations. This decision was not taken without extensive consultation with the board of directors, and many outside experts and legal counsel.

Što je taj famozni Chapter 11? Evo što kaže Wikipedia:

Definition

When a troubled business is unable to service its debt or pay its creditors, it or its creditors can file with a federal bankruptcy court for protection under either chapter 7 or chapter 11. In chapter 7, the business ceases operations and a trustee sells all of its assets and distributes the proceeds to its creditors. This is done in accordance with statutory defined priorities. A chapter 11 filing, on the other hand, is usually an attempt to stay in business while a bankruptcy court supervises the "reorganization" of the company's contractual and debt obligations. The court can grant complete or partial relief from most of the company's debts and its contracts, so that the company can make a fresh start. Often, if the company's debts exceed its assets, then at the completion of bankruptcy the company's owners (stockholders) all end up with nothing; all their rights and interests are terminated and the company's creditors end up with ownership of the newly reorganized company.

Drugim riječima, Chapter 11 nije bankrot tvrtke, već stečajni postupak, zaštitna mjera u kojoj se biznis u nevoljama pokušava reorganizirati kako bi možda mogao otplatiti svoje dugove i nastaviti poslovati. Slično kao i kod nas, kad tvrtka u stečaju uspije reorganizirati poslovanje, isplatiti dugove i uspješno izaći iz stečaja (što je, reći ćemo, rijedak fenomen na ovim prostorima...)