{"id":780,"date":"2019-01-20T17:56:31","date_gmt":"2019-01-20T17:56:31","guid":{"rendered":"https:\/\/www.karinalucidlaw.com\/?p=780"},"modified":"2021-10-18T09:37:44","modified_gmt":"2021-10-18T09:37:44","slug":"understanding-the-orderly-liquidation-value-in-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.karinalucidlaw.com\/understanding-the-orderly-liquidation-value-in-chapter-11-bankruptcy\/","title":{"rendered":"Understanding the Orderly Liquidation Value in Chapter 11 Bankruptcy"},"content":{"rendered":"
The word \u201cbankruptcy\u201d understandably may strike fear into many hearts. Large, well-known companies like Macy\u2019s, Sears, David\u2019s Bridal, Nine West, and Mattress Firm have all filed Chapter 11 bankruptcy. However, it is not just big corporations who can and do file for Chapter 11 bankruptcies; individuals and small businesses may file as well.<\/p>\n
Filing for Chapter 11 bankruptcy does not necessarily spell doom for your business or finances. Instead, Chapter 11 is there to help you reorganize\/restructure your debts and to (hopefully) help you preserve your business. Unlike a Chapter 7, there is not a forced liquidation of all our assets. Chrysler and General Motors have both made it out of the red through Chapter 11.<\/p>\n