Quote:
Originally Posted by screwballl
Bankruptcy does not always mean the end of a company... they may sell and close out some stores, or sell them off as franchises, but nowadays it is more of a way to consolidate debts to be paid off easier.
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I'm aware of bankruptcy laws, thank you. One question is whether they voluntarily go Chapter 11, or are forced into Chapter 7.
Creditors must approve a bankruptcy plan, as must the courts , so continued operation is not a foregone conclusion.
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Dennis