Tag Archives: negotiation strategies
How Chapter 11 Gives Businesses Leverage in Negotiation
It is rarely easy for a struggling business to negotiate with its creditors. After all, creditors care about getting paid, not what a business has to do to make that happen. As a result, creditors may demand immediate payment on past-due bills, threaten lawsuits over unpaid accounts or pursue collection actions. Chapter 11 changes that […]
