On July 20, 2009, Sports Business Journal reported that the AFL owed approximately $14 million to its creditors and were considering filing for Chapter 11 bankruptcy protection. Owners were also exploring the expansion franchise in Pittsburgh in order to use the expansion fees to help pay off the debts and infuse enough cash into the league to hold the 2010 season.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 announcing that while the league is not folding, it is suspending league operations indefinitely. Several teams commented that they were still pursuing arena football in 2010 with the possibility of using the financially independent arenafootball2.[2 Despite this, several of the league's creditors have filed papers to force a Chapter 7 liquidation if the league does not do so voluntarily.This request was granted on August 7, though converted to a Chapter 11 reorganization on August 26.[21