What do corporations do before bankrupting when people stop buying their products?

Question:


Answers:
What you talkin' 'bout Willis? chapter 7 or chapter 11 or some other chapter. nm

UAUA, CPN, MIR, LCC went chapter 11. The shareholders were screwed, the CEO walks the plank with platinum & diamond encrusted water wings, and they work out a plan to pay off their debits with their creditors and emerge in a few years out of debit lean & mean. The company operates as usual through this protection plan.

FTUS went chapter 7. The shareholders were screwed and evrything was liquidated. The company ceases to function. Blow-out kaputt.

http://www.uscourts.gov/bankruptcycourts...

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