As companies struggle to stay afloat amid the coronavirus pandemic, many are looking for help while some are finding it with Chapter 11 bankruptcy. Attorney Jenny Doling says bankruptcy allows them to get rid of debt and still stay in business. “It also entails a lot of closures of stores,” Doling said. Unlike Chapter 7, where businesses liquidate assets and…
As businesses continue to file for bankruptcy amid the coronavirus pandemic, any money or gift cards you might have with them might be at risk.