Bankruptcy
Revision as of 20:58, 15 July 2020 by QiratH (talk | contribs) (Created page with "Bankruptcy is a legal document that allows a firm to avoid major debt obligations and void union contracts in order to survive and regroup as a firm. There are five major...")
Bankruptcy is a legal document that allows a firm to avoid major debt obligations and void union contracts in order to survive and regroup as a firm. There are five major types: chapter 2, chapter 10, and chapter 11.
Definition
According to the Strategic Management by David and David (15th edition),
- Bankruptcy. A legal document that allows a firm to avoid major debt obligations and void union contracts in order to survive and regroup as a firm. There are five major types: chapter 2, chapter 10, and chapter 11.
