How Your Company Can Use Out-Of-Court Restructuring And Bankruptcy To Alleviate Financial Distress

Restructuring your company through Chapter 11 is often the only solution for a company that is experiencing financial distress. However, many companies will attempt an out-of-court restructuring prior to eventually filing Chapter 11 bankruptcy. If you are not sure which option is the best for you, it’s a good idea to consult with a bankruptcy lawyer. The Challenges of an Out-Of-Court Restructuring You might wish to avoid going to court because it is more expensive than restructuring out-of-court.

Will Bankruptcy Threaten Your Job Security?

Hard-working individuals may be facing Chapter 7 bankruptcy no matter how they try to avoid it. While filing for Chapter 7 bankruptcy requires a lot of thought and consideration, like most things, the impact is not as severe as some might think. One aspect of bankruptcy some worry about is how it might affect their employment. For those concerned about their job security after filing Chapter 7 bankruptcy, learn more by reading below.