USA Cricket, recently suspended by the ICC, has filed for Chapter 11 bankruptcy, a move that has sent shockwaves through the cricketing world. The filing comes amidst a dispute with American Cricket Enterprises and just before a scheduled hearing. Chapter 11 bankruptcy allows a business or individual to restructure debts under court supervision while continuing operations. This is in contrast to Chapter 7, which involves liquidation of assets. The filing raises concerns for players and the future of USA Cricket’s participation in the 2026 T20 World Cup.
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USA Cricket Files for Bankruptcy: What Does Chapter 11 Mean and What’s Next?
