Business owners struggling with insolvency may wish to avoid bankruptcy. Although bankruptcy can provide a fresh financial start by either liquidation or restructuring, it is not the right option for every business. In other cases, one of these restructuring options...
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Corporate Bankruptcy & Restructuring
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...
How can a company survive bankruptcy?
The financial scenarios that could lead to a bankruptcy filing vary significantly between businesses. The current economic climate has caused an increase in Chapter 11 filings as companies attempt to salvage their business. For companies focused on the retail and...