RT Journal Article SR Electronic T1 Why Companies File for Chapter 11 JF Turnaround Management FD Institutional Investor Journals SP 103 OP 105 VO 2002 IS 1 A1 Denise K. Wildes A1 Wendell H. Adair, Jr. A1 Kristopher M. Hansen YR 2002 UL http://guides.pm-research.com/content/2002/1/103.abstract 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.