EmptyStomach asked:


I have noticed that some companies, when they have an offer to be purchased by another company, will voluntarily file for Chapter 11 bankruptcy in order to “facilitate the sale” of the company. Why would they do this? How does this help to “facilitate the sale”? It also seems that by filing for chapter 11, it opens the company up to open bidding. Wouldn’t this make the sale to the company with the original offer more complicated?

tx_twister_chaser asked:


There is a building for sale, would fit our needs perfectly but the company is in bankruptcy. Would that mean that there is a hold on the property and they HAVE to sell it?

James asked:

Today Chrysler may be filling for bankruptcy and I would like to know what is going to happen to the workers money.

Mas asked:


A bankruptcy of the main debtor of the client, which took place on 5 January of the year following the year currently under audit is an example of: ??