1. General Motors: In 2009, General Motors filed for Chapter 11 amidst financial crisis. The reorganization plan involved government support, asset sales, and labor agreement renegotiations. By balancing creditor needs, GM emerged in 2010, preserving jobs and continuing operations.
2. United Airlines: Facing industry challenges, United Airlines filed in 2002. The plan focused on labor contract renegotiations, debt reduction, and securing financing. It exited in 2006, prioritizing employee benefits and customer service while managing creditor claims.
3. MCI (WorldCom): In 2002, MCI filed due to an accounting scandal. It addressed creditor claims through settlements and restructuring, emerging as a viable telecom company.
4. Boy Scouts of America: Filing in 2020 over abuse lawsuits, the Boy Scouts’ plan involves compensation through a trust fund while continuing youth programs, emphasizing mission commitment.
