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Many companies (Macy's, GM, Chrysler) have filed for a "Chapter 11" bankruptcy.
Discuss the major aspects of a company filing for bankruptcy in general and explain why a company would file for "Chapter 11" instead of "Chapter 7" bankruptcy.
Instruction:
No more than five hundred words of discussion. Make sure to support your statements with specific examples that are supported by a citation and support your discussion with at least 2 Internet citations.
While you can use Wikipedia as a place to start your research, please do not use Wikipedia as a reference citation. Also, the textbook and any online dictionary or encyclopedia are not to be used as reference citations.
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