| Prepackaged Bankruptcy |
When acompany prepares a reorganization plan that is negotiated and voted on by creditors and shareholders before the company actually files for bankruptcy.
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The idea behind a pre-packaged bankruptcy plan is to shorten and simplify the bankruptcy process in order to save the company money in legal fees, and hopefully generate more for the creditors.
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An Overview Of Corporate Bankruptcy - As soon as you invest in a company, you face this risk. Find out what it means. |
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Related Terms
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