Samuel B Anthil, professor at Harvard Business School wrote in his paper published in 2019, “Hasty liquidations cost creditors billions of dollars a year, What if more bankrupt companies were restructured—and revived—instead?” He studied 30 years of court filings in the USA and established that in case of restructurings, creditors recover most of what they’re owed as the company begins turning a profit. But despite that, there are liquidations where creditors miss out on billions of dollars every year.

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Three things that stood out from the article which was based on Samuel’s research of the US corporate rulings were

-External consultants helping a company navigate any setback, often pus

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