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Chapter 17/Alternative Exit and Restructuring Strategies: Bankruptcy Reorganization and Liquidation. Why J.C. Penney applied for bankruptcy based on their financial situation and how chapter 11

Chapter 17/Alternative Exit and Restructuring Strategies: Bankruptcy Reorganization and Liquidation.

Why J.C. Penney applied for bankruptcy based on their financial situation and how chapter 11 help them to recover. Talk about their recent financial condition how creditor, debt and shareholders are affected?

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