What happens to a company after they file for Chapter 11 bankruptcy?

It depends. The company will either close and cease to exist or it will continue operations. The chapter 11 plan and order from the court will tell you what will happen.

Chapter 11 itself isn't necessarily easy—the process can be long and complicated and requires a lot of paperwork—but it's often more viable than a total shutdown or liquidation. It allows struggling businesses to keep paying their employees, suppliers, and other expenses while still restructuring their debts so they can eventually recover and resume business as usual.


If you have more questions about a chapter 11 bankruptcy, call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-11-bankruptcies/ 


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