Filing for Chapter 11 - a podcast by American Pastors Network

When one of the oldest and largest retailers in the nation (Sears as in Sears and Roebuck) seek bankruptcy protection, it should get our attention. A few months ago (in October of 2018) Sears filed for what is referred to as Chapter 11 bankruptcy. From an economic perspective, what does a business filing for reorganization under Chapter 11 of the Bankruptcy laws mean? What does filing for Chapter 11 do for a company?

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