The experienced bankruptcy professional is sometimes faced with the dilemma of a business client with financial issues ideally solvable in Chapter 11, but for the certainty that a lethal combination of the proceeding's cost and deleterious operational effect will surely result in forced liquidation rather than restructure.
De Facto Chapter 11 for the Unconsolidated 'Identity of Interest' Enterprise (Case Study)
Sometimes a lethal combination of a proceeding's cost and deleterious operational effect will result in forced liquidation rather than restructure. Such was the dilemma faced by economically troubled GGI in June 2010.
By
Joshua J. AngelThis premium content is locked for The Bankruptcy Strategist subscribers only
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