Bankruptcies & Reorganizations - Cullen Speckhart, Cooley LLP
The HLEP Podcast
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The Purpose of Bankruptcy and Restructuring
Not all bankruptcies are created alike. There are for businesses generally two that we think of, chapter seven and chapter 11. Usually the objective is to try to reorganize the company,. make changes from a balance sheet standpoint or an operational standpoint just to make sure that the company can emerge as economically viable as possible.
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