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Did you know that Puerto Rico has been involved in a bankruptcy issue for nearly five years? You may not think of states or U.S. territories as places that can go bankrupt, but they can take on debt loads and may have to restructure their debts to stay functional,...
Did you know that you do not have to close down your company even after declaring bankruptcy? By filing Chapter 11, you can stay afloat by restructuring the company's debts and obligations. So, while you may not have total control of the company, operations will...
When someone sees that a business is going bankrupt, they may assume that it means that the business owner made financial mistakes. They took out too many loans or they spent their money frivolously. That individual may also assume that the business didn't have good...