Why does bankruptcy work for clothing discounter Bermo Enterprises? ...

11/29/12


Kalamazoo Gazette - MLive.com

Why does bankruptcy work for clothing discounter Bermo Enterprises?
Kalamazoo Gazette - MLive.com
Under Chapter 7 of the U.S. Bankruptcy Code, businesses are dissolved and all their assets are spent to repay as much debt as possible. Under Chapter 11, businesses are restructured and debt repayment is rescheduled. During the reorganization, business ...
Bermo Enterprises' bankruptcy filing a surprise to at least one landlordMichigan Business Review - MLive.com

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