Bankruptcy reorganizations are used by management to:

Name: Bankruptcy reorganizations are used by management to:
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Bankruptcy reorganizations, such as those under Chapter 11 in the United States, are primarily used to give a business the opportunity to restructure its debts and operations with the goal of becoming profitable again, rather than liquidating assets. This process allows the company to keep running its business while working on a plan to pay back creditors over time.

Bankruptcy Reorganizations Are Used by Management To