David Dragich Article on Bankruptcy versus Wind-Down Published by CFO.com

More companies are experiencing distress. Chapter 11 bankruptcy filings rose 105% in May compared to the previous year, according to data from Epiq’s Bankruptcy Analytics platform. When a company finds itself in financial distress, it’s important to remember that bankruptcy is not the only option. A viable and beneficial alternative for the right company can be an out-of-court, state-law wind-down proceeding.

In a recent article published by leading industry publication CFO.com, David Dragich compares and contrasts these two options, examining the relative advantages and disadvantages of bankruptcy versus a wind-down, to inform crucial decisions related to maximizing the value of a troubled company.