When a company files for bankruptcy, it simply means they are restructuring their debt.
It doesn't mean they're going out of business or being liquidated. They're either paying less of their debts back, renegotiating for lower interest rates in repayment or getting to not pay a portion of their total debt.
This means very little unless they're too deep in debt to keep basic operations going. It mostly looks like they're set on their plans to relocate their company to Texas.
I would get out of NY state if I were them as well. It's a blue state with some of the most confiscatory taxes in the nation.
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