Q.When should a Chapter 11 Reorganization be avoided?

A.Businesses that require little capital, have few assets, or are really just extensions of the owner's skills and personality (small service companies) generally should not attempt a chapter 11 reorganization. For these types of businesses, liquidation is a much better option.

© Copyright 1999-2024 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.