During the last recession, hundreds of thousands of companies went bankrupt in the U.S., but some of them were able to recover. Economists claim that Chapter 11 bankruptcy is one reason our economy bounced back faster than some others. The U.S. system of second chances is seen as our economy's secret weapon, even prompting other countries to adopt chapter 11-style laws. While some business owners may be reluctant to file, those that do are able to wield the protection that Chapter 11 … [Read more...]