Facing scandal, shrinking profits or other woes, these big-name firms have filed for Chapter 11 bankruptcy in recent months.
A LightSquared booth at the Satellite 2011 Convention in Washington. LightSquared filed for Chapter 11 bankruptcy on May 14. The news comes after "the firm's plans for a broadband wireless network were thrown off track after the Federal Communications Commission decided to block the service" earlier this year, The Post's Hayley Tsukayama reported. Jeffrey MacMillan/For The Washington Post Buy Photo