4 ms·
Chapter 11 is debt restructuring, not liquidation. There is not necessarily any operational impact on the actual business, at all.
by the_optimist 3y ago
Chapter 11 is debt restructuring, not liquidation. There is not necessarily any operational impact on the actual business, at all.
- tempsy 3y ago“The company said creditors holding 92 percent of its secured debt had agreed on a restructuring plan that would include reducing its portfolio of office leases.” They will almost certainly be cutting a bunch of locations.