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Posts tagged "corporate bankruptcy"

When to Consider Company Reorganization under Chapter 11 Bankruptcy

chapter-11-bankruptcy-california.jpgFiling for bankruptcy is never something that a business wants to have to consider, but it can be a way for a company to reorganize and find a financial solution to work its way out of debt. The Department of Justice has researched trends in Chapter 11 bankruptcy filing and have seen numbers of filed cases exceed 3,000 over the past few years. However, this is a significant drop compared to the two decades previous.

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