CrusaderFrank
Diamond Member
- May 20, 2009
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When a Company files bankruptcy it is seeking court ordered relief from its debts and obligation.
With me so far?
Filing bankruptcy does not mean the company stops all operations and disintegrates
Still there?
Bankruptcy allows a company a chance to reorganize their debt by reducing interest rate and getting more favorable terms and usually, they give something of value in return to the debtors.
Filing bankruptcy does not mean the company stop all operations and disintegrates
With me so far?
Filing bankruptcy does not mean the company stops all operations and disintegrates
Still there?
Bankruptcy allows a company a chance to reorganize their debt by reducing interest rate and getting more favorable terms and usually, they give something of value in return to the debtors.
Filing bankruptcy does not mean the company stop all operations and disintegrates
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