Sorry, I guess this is a pretty stupid question.
But I’m not sure exactly what “bankruptcy protection” is. If a company files for Ch 11, does that mean it will close?
I'm not declaring a bankruptcy myself, I'm just wondering what happens to a company when it does.
not a stupid question many people don’t understand ch11, a company does not necessarily close, a judge reviews all the debts and decides who gets the company money and assets since the company no longer has assets it usually closes
