Company filed for chapter 11 bankruptcy. What does this mean for me as an employee?

Company filed for chapter 11 bankruptcy. What does this mean for me as an employee? I’ve been with the company for over 5 years done well and been paid well. I’m a manager in the company and I could tell it was going downhill and I have not enjoyed my last few years and been looking for something new anyways. How does filing chapter 11 bankruptcy affect employees? This was the final straw that is making me leave the company. I...

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