Posts Tagged ‘Kristina Johnson’

Many take exit to Ch. 7; others try ‘363 Sale’

by Published: March 27,2011

Tags: Doug Noble, Kristina Johnson

The high cost of staying afloat while reorganizing under a Chapter 11 bankruptcy filing is forcing more businesses to accept unconditional surrender under Chapter 7 liquidation. But others are exiting their enterprises by attracting buyers who use a provision of the Chapter 11 code to pick up a debtor’s assets free of liens and other […] [...]

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