 On 14 February 2017 Toshiba delayed filing financial results, and Toshiba chairman Shigenori Shiga, formerly chairman of Westinghouse, resigned.On March 24, 2017, Toshiba announced that Westinghouse Electric Company will file for Chapter 11 bankruptcy because of US$9 billion of losses from nuclear reactor construction projects, which may impact the future of the AP1000.Westinghouse emerged from bankruptcy in August 2018.