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The Changing Face of Chapter 11 for Corporate America

The Bankruptcy Strategist
01-09-2008

The face of bankruptcies in corporate America has changed several times since the 1978 reforms, and according to authors Louis A. Recano and Scott Y. Stuart, it’s going to change once more — probably radically — over the coming months. The authors discuss how business use of the bankruptcy process has changed over the years, and suggest that unlike the recent past, where Chapter 11 may have been viewed as just a business option, many companies in the future may find that bankruptcy is a likely reality.

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