In the United States today, business' financial and operational structures are increasingly becoming more complex. Through a series of financial deals and acquisitions, companies are often knowingly or unknowingly beholden to numerous parties and creditors, many of whom have very different and competing interests in whether a business ultimately succeeds or fails. Consequently, finding solutions to a business' debt problems has also become more complicated.
What happens after a company files for Chapter 11?
In today's business and e-commerce world, U.S. companies must not only tackle ways to stand out among their U.S. competitors, but also among strong competition from companies across the globe. Fluctuating financial markets and shifting priorities make it challenging for today's businesses to predict the future needs and wants of clients and customers as well as to plan where to invest their time, focus and capital.
American Apparel's bondholders agree to bail out compnay
From its provocative ads to controversy and legal disputes surrounding its founder and former-CEO, in recent years, American Apparel's image and financial standing has suffered. After suffering a reported $340 million in losses since 2010, the leadership team of the embattled company recently announced that it filed for Chapter 11 bankruptcy.
