Sunday, January 02, 2022 5:31:08 PM
What happens when a business files Chapter 11?
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.
Source - uscourts.gov
Probably happening with a lot of businesses right now. I’m not concerned, they are only part of the equation and are getting it sorted. Their management team is phenomenal.
CNGT
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