Chapter 11 Reorganization
Chapter eleven reorganization has a lot of stigma and people are afraid of it and I understand why. Bankruptcy is a bad word in the business world. Unfortunately, or fortunately, we have that tool and the truth is it’s the most powerful tool in the free world for an entrepreneur. If you get in trouble and you need a chapter eleven, it’s the only thing that can get you free. Free from your debts? No. Involved. Involved in cash flow, understanding your problems, able to renegotiate a situation that, for the most part, before the chapter eleven is impossible. Let’s talk about it. Let’s sit down, grab a cup of coffee, and say “I give up man, I need help.”
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Blog edited and written by JA and JR
