By: Editorial Staff, Date: August 20th, 2024
Ensure a successful case by avoiding common mistakes in trial preparation to enhance your courtroom performance. Discover key pitfalls that legal professionals often encounter in this informative infographic.
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Chapter 11 Bankruptcy Protection: Resolving Complex Issues in Business Reorganizations
The recent months have seen an uptick in bankruptcy filings as a continued result of the economic distress brought by the COVID-19 pandemic. With the increasing concerns for inflation, rising interest rates, labor shortages, and market volatility, access to bankruptcy protection is indispensable, especially for financially distressed companies. While taking refuge from the debt crisis doesn't come without a cost, reorganization under Chapter 11 of the Bankruptcy Code offers a viable way for many businesses to have a fresh start and get back on track. However, businesses must still be wary of the potential drawbacks amid the shifting regulatory climate of bankruptcy law.