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With household names like General Motors, The Los Angeles Dodgers and American Airlines filing Chapter 11 cases and emerging as reorganized entities, the stigma and negative connotation associated with filing a reorganization case is somewhat reduced.  With each filed chapter 11 (whether high profile or not), another group of creditors becomes familiar with the process. The more cases in the national news – Hostess, Mike Tyson, Blockbuster – the more the public understands the business process behind the filing.  While still a last resort, bankruptcy is no longer a four letter word.

 

 

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