Lionel files bankruptcy?

I’ve heard that Lionel filed bankruptcy, is this true?

http://www.trains.com/community/forum/topic.asp?TOPIC_ID=24613

Yes it is true, but it is chapter 11, and not fatal like chapter 7. They will still be making trains, don’t worry.

for now…

Say, how many lives has Lionel used up?

I got an e-mail with this message last night:

http://www.lionel.com/digichat/findex2.cfm