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Chapter 11 bankruptcy in an attempt to restructure the company, not shutting down because they are insolvent (yet).
by richbell 3y ago
Chapter 11 bankruptcy in an attempt to restructure the company, not shutting down because they are insolvent (yet).
- nostrademons 3y agoChapter 11 is still because of insolvency (debts > assets), it just results in the company continuing to operate with the creditors becoming the new owners, not being forced to cease operations, liquidate, and return cash to creditors.