Why might employees and suppliers support management in a Chapter 11 bankruptcy declaration if they will have

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Why might employees and suppliers support management in a Chapter 11 bankruptcy declaration if they will have to wait to be paid, and may never get paid? How can a CEO act ethically toward these two groups of stake- holders in the time before, during, and after the bankruptcy period?

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Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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