4 ms·
no, chapter 11 is just a reorg of the debt (chapter 7 is liquidation of the company). the same management can remain in chapter 11.
by compsciphd 4y ago
no, chapter 11 is just a reorg of the debt (chapter 7 is liquidation of the company). the same management can remain in chapter 11.
- ndsipa_pomu 4y agoThanks. That raises the question of why they didn't keep the same management for the chapter 11 reorganisation.
- hef19898 4y agoThe answer to that should be pretty clear.