Chapter 7 Bankruptcy Process

Suppliers want their customers to succeed, thrive even. Good business for the customer means good business for the supplier. Unfortunately, even the seemingly best of customers can lose their grip on their cash flow, and their debts become larger than their assets. In some cases, a business can take advantage of Chapter 11 reorganization to get back on its feet by creating a plan to pay back its creditors. But reorganizations are not always successful. Also, some businesses fall so far down…