After Chapter 11 bankruptcy, furniture chain closes all stores

When a company enters Chapter 11 bankruptcy, it often shares a plan. That plan represents what the company hopes will happen.In some cases, that proposal contains information about potential funding or a company willing to buy the business in bankruptcy. At other times, the plan may share information and turning debt into equity with creditors, or some other financial method to create breathing room. Sometimes the bankruptcy plan comes more in the form of bullet points, or a list of things the company want ...