It filed its Chapter 11 plan on Friday with the bankruptcy court in Wilmington.
But it filed its Chapter 11 bankruptcy petition not in Houston, but New York.
Indeed, it hopes that its Chapter 11 case will avoid such a takeover.
It also lent its chapter titles to those in Mr. Boucher's novel, "Valve Adjustment" and "How Works a Heart" among them.
Just 11 days after its Chapter 11 filing, it became clear that the company would have to be liquidated.
Penn Central might give us some insight into the fate that awaits Lehman Brothers, even as it nears approval of its Chapter 11 plan.
It emerged from bankruptcy protection in the spring, after its Chapter 11 filing in August 2002.
Its Chapter 11 filing was caused by a cash squeeze after it defaulted on a loan.
It's possible to taste this book's lemony qualities just by sampling its chapter titles.
So, naturally the company filed its Chapter 11 case in Delaware.
It cut 1,000 jobs from its headquarters staff and trimmed 350 in its chapter system.
