Humanigen Inc (fka HGENQ)

[US-JUSTICE]

Before chapter 11 bankruptcy law after the great depression was to preserve companies from dissolving and shutting down.
Bankruptcy court is mostly to determine if it is 'valid' bankruptcy to not repay debts.
you notice hgenq has NO bank loans as no bank would lend money to this company. the company like most startups if they need money can sell equity, as there is no need to get bank loan as most banks want collateral. or personal gaurantees on loans. because hgenq is a LLC, any debts incurred, owners of the company are not liable for it. even lawsuits against the individuals can only be criminal charges rather than business. if criminal conduct was involved but debts incurred by the company, etc owners of the corporation are not liable.