U.S. courts have two options in deciding how to adjudicate bankruptcies. Under Chapter 7, a firm must liquidate and sell all of its assets in an auction. Under Chapter 11, managers can negotiate with ...

Imagine your association as the human body. The board of directors is the brain, making decisions. The staff is the heart, steady at work. And your network of chapters, components, or special-interest ...

Fewer health care providers have faced financial distress so far this year than last year, as the industry has incurred a bankruptcy filing rate about 16% lower than 2024 levels in the first three ...