Bankruptcy Chapter 7
When a financially distressed entity files for Chapter 7 bankruptcy, the entity ceases operations and a court-appointed trustee sells the entity’s assets. Use the proceeds from the sale to repay creditors. Then, repay creditors in order of seniority.
Access your Exit Strategy Execution Plan in SCFO Lab.
Click here to access your Execution Plan. Not a Lab Member?
Click here to learn more about SCFO Labs