PT  - JOURNAL ARTICLE
AU  - Denise K. Wildes
AU  - Wendell H. Adair, Jr.
AU  - Kristopher M. Hansen
TI  - Why Companies File for Chapter 11
DP  - 2002 Mar 20
TA  - Turnaround Management
PG  - 103--105
VI  - 2002
IP  - 1
4099  - http://guides.pm-research.com/content/2002/1/103.short
4100  - http://guides.pm-research.com/content/2002/1/103.full
AB  - This article provide insights into the reasons companies file Chapter 11 including excessive debt, lack of adequate working capital, mismanagement, and as a tactical maneuver. The advantages of Chapter 11 include a “breathing spell” from interest expense and legal proceedings by creditors, and the opportunity to void burdensome contracts and leases.