1. Sharper Image filed for Chapter 11 bankruptcy, leading to a change in the brand’s focus from high-tech gadgets to office games.
2. Stoli USA faced Chapter 11 bankruptcy but was saved from immediate liquidation by court-appointed trustees.
3. Stoli’s bankruptcy reflects broader challenges in the spirits industry amid changing consumer preferences.
4. Chapter 11 bankruptcy allows for a structured liquidation process to maximize creditor recovery.
5. A Chapter 11 trustee can take control of a company’s operations to benefit creditors and manage assets.
6. The U.S. bankruptcy will not affect the global Stoli brand, but the fate of the Kentucky Owl brand is unclear.
7. The appointment of Chapter 11 trustees allows for a more controlled liquidation process.
8. Chapter 11 bankruptcy offers flexibility in selling assets and negotiating contracts to preserve value.
9. The goal of Chapter 11 bankruptcy is to balance creditor recovery with maintaining control over asset sales.

Read more at Yahoo Finance: Iconic bourbon, vodka brands spared from Chapter 7 liquidation