Gallant Capital Markets Ltd, the parent company of the forex broker GCMFX, announced it has filed for bankruptcy under Chapter 11 of the United States Bankruptcy Code, with the United States Bankruptcy Court for the Eastern District of New York. According to the broker, the filing was voluntary, but there is not other information what lead to this drastic move. On the other hand, filing under Chapter 11 of the code does not mean liquidation, but permits reorganization under the bankruptcy laws of the United States.