3 ms·
Wait what? Don't creditors get control of the company? Specially if the firm went down b/c of the actions of the current mgmt?
by zzleeper 4y ago
Wait what? Don't creditors get control of the company? Specially if the firm went down b/c of the actions of the current mgmt?
- paxys 4y agoNo, a company uses chapter 11 bankruptcy specifically to restructure debt and continue operating under the current management.