Definition
Section of the US bankruptcy code under which a firm can file for protection against creditors while continuing to operate under existing management. The firm must have a court-approved plan to reorganize the business and must make it work.
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How much power do your buyers have?
Take a lesson from Delphi, the giant auto parts supplier stuck in Chapter 11 despite its $26 billion in annual sales: It's no fun to be in a business where a few big customers can demand price cuts wi ... Read more
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