The potentially viable can file for “Chapter 11”, which lets them restructure under court supervision.

前者可以根据《美国破产法》“第11章”申请破产保护，他们可以在法庭的监督下进行公司重组；

youdao

The Greeks should know: The best way out is to file bankruptcy, restructure a long term pay back plan.

希腊人应该知道：最好的出路就是申请破产，重组一个长期的回报计划。

youdao

And on Monday, one of the largest bond insurers during the crisis, Ambac, announced it was unable to pay its debt and that it might have to file for bankruptcy if it cannot restructure its debt, sending its share price plummeting down 49% to 42 cents.

FORBES: Echoes of Abacus: JP Morgan to Face SEC Probe Over CDO Transaction with Hedge Fund

That in turn would force some of those to restructure, to make lay-offs or even to file for bankruptcy.

ECONOMIST: How to save Japan’s banks | The