When a company is on the brink of failure, it will often file for Chapter 11 bankruptcy protection. This allows the company to undergo a reorganization of business affairs, its debts, and its assets. Many companies that go bankrupt are able to settle with their creditors and then close up shop permanently. Read More...
8 Bankrupt Companies That Came Back
When a company is on the brink of failure, it will often file for Chapter 11 bankruptcy protection. This allows the company to undergo a reorganization of business affairs, its debts, and its assets. Many companies that go bankrupt are able to settle with their creditors and then close up shop permanently.
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