Keyword Analysis & Research: chapter 11 bankruptcy companies 2019

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Frequently Asked Questions

What companies are in Chapter 11?

Chapter 11 helps a business restructure its debts and obligations. It does not usually shutter the business. In fact, many large U.S. companies have filed Chapter 11 and stayed afloat. They include General Motors, United Airlines, K-mart and thousands of other corporations.

What happens when company files Chapter 11?

If the company owes you any wages when it files Chapter 11 bankruptcy, as long as you continue in the company's employ, your paychecks should not be interrupted. The company will seek permission from the court to continue paying its employees as long as it continues doing business.

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