 Qimonda AG and Qimonda Dresden OHG filed for insolvency protection on January 23, 2009 (similar to Chapter 11 bankruptcy in U.S. courts), stating that the promised bailout package had not become available in time.They requested the insolvency protection be backdated to January 1, 2009.However, subsequent media reporting of the event suggests that the agreement to the package fell apart at the last minute, and so was not available.