David Dragich Authors CFO.com Article on the Viability of Out-of-Court Restructuring as an Alternative to Chapter 11 Bankruptcy
To file or not to file for bankruptcy? It’s a question that no business leader wants to consider, but sometimes it’s necessary. Indeed, given the challenges and uncertainties of the last 16 months, it has been a top-of-mind issue for many companies across different economic sectors.
However, despite the ongoing need for large businesses to seek bankruptcy protection, and Congress’s efforts to make Chapter 11 bankruptcy protection more widely available to small businesses, bankruptcy courts are not the right option for every struggling business.
In a recent article authored for CFO.com, David Dragich addresses the out-of-court restructuring alternatives available to business owners.