$1.75 billion in financing to be provided by a group of lenders. The poultry producer filed for Chapter 11 bankruptcy...
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CHAPTER 11 BANKRUPTCY
Chapter 11 Bankruptcy is the form of bankruptcy, sometimes called "reorganization,” available to companies in financial distress under Title 11 of the U.S. Code. Through imposition of an "automatic stay" to suspend collection efforts against the debtor, Chapter 11 offers a "breathing spell" to businesses (and individuals) needing some extra time to put their financial house in order and can give them a "fresh start" to achieve financial success.
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As the fight over the bankrupt Phoenix Coyotes of the National Hockey League continues inside the U.S.
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(Crain’s) — Sun-Times Media Group Inc. appears to be near a deal to sell the struggling media firm. Lawyers for the...
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Top Sources: Chapter 11 Bankruptcy
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- Crains ChicagoBusiness
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- Chicago Tribune
- Crains NY Business
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