Directors of Delaware corporations are entitled to indemnification under 8 Del. C. s. 145 as provided in the corporation’s charter and bylaws. Subject to certain parameters under Delaware law, indemnification provisions require that the corporation indemnify its...
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Month: March 2021
Can a Chapter 11 reorganization bankruptcy work for my company?
In its most basic form, a Chapter 11 bankruptcy petition allows a business to restructure its debt. This can result in a greater cash flow and help the business regroup, ultimately putting it into a situation where it can move forward instead of remaining stagnant and...