In an average week, more than 300 companies fail. And more than 75% of the desperate companies file for "liquidation bankruptcy", by agreeing to a full distribution of their assets to creditors. Remaining 25% refused to give up until the final version will be exhausted: a petition to the court for "reorganization bankruptcy", trying to convince its creditors to freeze their claims temporarily while it reorganizes to restore profitability. Proper and timely use of the reorganization bankruptcy can provide relief from the devastating otherwise payable; selected for the right reasons and properly implemented, it can provide financial, strategic and ethically sound basis to serve the interests of all concerned parties. A model for the analysis of the situation of bankruptcy and turn back. Successful integration reorganization bankruptcy as a key component of the strategic plan is based on an understanding of the bankruptcy law and how it affects the situation of the company, as well as timely use of Chapter 11 protection, as it was intended - to save systematically collected and a new strategy that is supported by all stakeholders. This should never become a popular strategic choice.;, but if done properly, it can revive a worthy organization "Hide
by John A. Pearce, Samuel A. Dilullo Source: Business Horizons 7 pages. Publication Date: September 15, 1998. Prod. #: BH014-PDF-ENG
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