For the trucking industry, problems in 2019 stemming from U.S./China trade tensions look small when compared with the damage caused by COVID-19. Tens of thousands of truckers are out of work.
So, industry executives should get familiar with the nuances of the reorganization chapter of the Bankruptcy Code. Chapter 11 is intended to enable companies to restructure debts and to reorganize and revitalize their businesses. But preplanning and speed are key.Click here to view the full article