In a recent interview, Cynthia Romano, Partner, shared insight into Bankruptcy and Turnaround Financing. She shares “Bankruptcy protection is one tool available for use when restructuring a company. There are benefits to restructuring and reorganizing out of court but a Chapter 11 filing (typically used to reorganize a company or sell its assets as a going concern) provides a company runway to operate and reorganize or sell, freed (albeit temporarily) from the constraints of prior claims.”

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