On July 20, 2009, Sports Business Journal reported that the AFL owed approximately $14 million to its creditors and were considering filing for <answer>Chapter 11</answer> bankruptcy protection. In early August 2009, numerous media outlets began reporting that the AFL was folding permanently and would file for Chapter 7 bankruptcy. The league released a statement on August 4 to the effect that while the league was not folding, it was suspending league operations indefinitely. Despite this, several of the league's creditors filed papers to force a Chapter 7 liquidation if the league did not do so voluntarily. This request was granted on August 7, though converted to a <answer>Chapter 11</answer> reorganization on August 26.
What type of bankruptcy was the league reportedly thinking about filing in July 2009?
Chapter 11