The company that the person's son works for, National Home Center in Springdale, filed for Chapter 11 bankruptcy protection. They are $50 million in debt. The son called his mother last night worried about whether his job would be secure or if he should start looking for new employment. His paycheck is important for supporting his family which includes his wife, sister-in-law, and their combined 5 children living together.

1. The Company my son works for just filed Chapter 11 WHAT DOES THIS M
his job.?
Should he start looking for a new job or stay where he is. He called me last nig
ght worried I am not sure what a Chapter 11 Business Bankruptcy means. The compa
ny is in over 50 million dollars in debt. He works for National Home Center in S
pringdale. They have to have his paycheck to make ends meet. His wife works but
she has her sister and 2 children living with them and They have their own 3 kid