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Canieatthis

03/20/19 11:02 AM

#3215 RE: rokkdatstock #3212

“Chapter 11 bankruptcy can also be called rehabilitation bankruptcy. It's much more involved than Chapter 7 as it allows the firm the opportunity to reorganize its debt and to try to re-emerge as a healthy organization. What this means is that the firm will contact its creditors in an attempt to change the terms on loans, such as the interest rate and dollar value of payments.”

https://www.investopedia.com/ask/answers/differences-between-chapter-7-and-chapter-11/