Chapter 11 Bankruptcy Protection (S/F)

Disambiguation Links –¬†Chapter 11 Bankruptcy Protection¬†(C/N)

In business, the term ‘Chapter 11’ is used to describe a form of corporate bankruptcy protection whereby the owners of a failing company are still responsible for the day-to-day running of it but must seek approval from a bankruptcy court if any important decisions that could potentially affect the future of the corporation are made. The company usually attempts to start making a profit again with a business plan and repay creditors, and if it cannot then the company will be closed down, with all assets used to pay back the lenders. In 1997, John Hammond mentioned to Ian Malcolm that InGen had been on the verge of Chapter 11 ever since the disastrous events that took place on Isla Nublar in 1993. After the events of the San Diego Incident in 1997, it is possible that InGen filed for Chapter 11.