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Stay of Execution: How Bankruptcy Affects Your Relationship with Underperforming Dealers

By November 16, 2016 No Comments

What is bankruptcy, exactly? And what is it not? It is the orderly restructuring of the debtor’s liabilities through the maximization of value of the debtor’s assets. It is not a reason to write off your A/R. It is also not a magic wand for the debtor to resurrect terminated contracts, eliminate debt, breach contracts without consequence or without the consent of its creditors.

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