Whether we like it or not, Aereo is in serious trouble. Though glimmers of hope sparkle through now and then, Aereo is still prohibited from doing business. Today, the company has announced they’ve filed for Chapter 11 bankruptcy protection, which is a step to reorganize and restructure. This type of bankruptcy is meant for companies just like Aereo; those who can’t repay creditors or pay down debt. With all Aereo has gone through, it’s a sad day, but may not signal the end just yet.