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Tag Archives: Kristina Johnson

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

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 encumbrances. “Chapter 11 filings in ...

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