Solutions // Chapter 11 Bankruptcy
Reorganize debt to reduce payments and enable financial recovery.
Although available to individual debtors too, chapter 11 bankruptcy is typically utilized by businesses of all sizes to reorganize debt so that the companies can afford to continue operations.
While bankruptcy can be a last resort used out of necessity, chapter 11 also can be a strategic business decision to create a path to profitability. Because companies retain assets and continue business operations through chapter 11, many prominent businesses have emerged from bankruptcy stronger than before.
- Marvel Entertainment
- Six Flags
- General Motors
- US Airways
- Delta
- American Airlines
- Gibson Guitars
- Lehman Brothers
- Eddie Bauer
- The Chicago Cubs
- The Pittsburgh Penguins
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