Bankruptcy Chapter 11 Meaning
Filing for Chapter 11 Bankruptcy
When a financially distressed entity files for chapter 11 bankruptcy, the entity continues to operate while it restructures its debt obligations. The entity has a limited amount of time to restructure the debts. During this time, the entity is protected from creditors.
Reorganization bankruptcies are usually more complex than liquidation bankruptcies. Companies usually file for Chapter 11 bankruptcy.
As you are reorganizing your company, download the Top 10 Destroyers of Value to learn how to identify and fix “destroyers.”
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