Donald Silver of BoardroomPR. Courtesy photo.Key Reputational Risks Facing Businesses Filing Bankruptcy
The company seeking bankruptcy protection faces many reputational and business challenges, the biggest of which is a loss of confidence from the stakeholders.
January 21, 2025 at 10:27 AM
5 minute read
To understand how bankruptcy can cause a crisis, first separate the legal from the public relations aspects. Lawyers experienced in filing Chapter 7, Chapter 11 and Subchapter 5 of Chapter 11 (just for small businesses) file papers with the court. The process is well-established.
The company seeking bankruptcy protection faces many reputational and business challenges, the biggest of which is a loss of confidence from the stakeholders. These include:
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