If you know that your company cannot afford its current debt total, you may assume that you’ve merely reached the end of the line. You have to declare bankruptcy, sell your assets, let your staff go and close down the company, right? Or is there another option? Is...
Month: October 2021
What is a business bankruptcy 363 sale?
Two of the most important aspects of a Chapter 11 bankruptcy is when the Court confirms your reorganization plan and you sell off some of your company's major assets to pay off your creditors. The liquidation of this property is referred to as a "363 sale". You may...