390: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
00:00
The Benefits of Chapter 11 Bankruptcy
In two thousand four, twinkie claimed bankruptcy. It gives companies five years to get their crap together. A trustee comes in and says, oo, creditors, you can't come in and shut things down. So as you see out in different industries during the recession, some companies may be claiming bank ruptcy. They may be reorganizing. And an that's the benefit of a chapter 11 bankruptcy.
Transcript
Play full episode
