MandrakeSoft is looking at a Chapter 11-style bankruptcy, to solve its financial difficulties, according to a leaked email from one of its executives. New MandrakeSoft CEO Francois Bancilhon says the liabilities total about €2 million, but that he’s weighing all possible choices for resolving the problems. The leaked email, however, paints a different picture. It describes specific plans to go with either Chapter 11 or its French equivalent. TheRegister has the story and NewsForge as well.