When a retailer goes bankrupt, it causes a problem for its landlord. In many cases a chain will be behind on its rent with no plan to pay that money. A Chapter 11 bankruptcy can forestall closing the store by giving it time to conduct a going-out-of-business sale.

Purdue Pharma LP has filed a new Chapter 11 plan with the US Bankruptcy Court for the Southern District of New York, pledging it will give creditors including US states and other parties more than $7.