Non-profit charitable organizations are also able to take advantage of the workout provisions of the federal bankruptcy law. For example, a children's museum in Pennsylvania, called the Please Touch Museum, raised new donations and compromised several debts so that it...
Month: March 2016
Sports Authority opts for Chapter 11 bankruptcy
Companies in Pennsylvania who want to protect their businesses from looming losses sometimes opt for the reorganization process of Chapter 11 bankruptcy. Sports Authority -- a chain of retailers with over 460 stores across the country -- has recently filed for Chapter...