Bankruptcy Guide

QSR magazine:

The B Word is not the end of the world for quick-service operators, but there are certain steps necessary to ensure it is as smooth a process as possible.

The length of time companies filing for bankruptcy are allotted to develop a plan of reorganization is 120 days. One false move during that period or the months leading up to it can drastically reduce the chances of making it through the ordeal.

QSR consulted lawyers, financial experts, and two quick serves going through the process and asked them to share the top bankruptcy mistakes restaurants make, and what to do differently. Their tips can help you come out of a bankruptcy better than before and even avoid bankruptcy altogether. Consider this your bankruptcy survival guide. Carry on reading this article.

Leave a Comment

Your email address will not be published. Required fields are marked *