'Prepackaged' bankruptcy wraps up process quickly.
Charter Medical Corp. has joined a small group of companies that have turned to prepackaged bankruptcy plans to quickly and efficiently restructure debt. By reaching agreements with creditors before going to court, distressed companies can shorten the time it takes to emerge from bankruptcy and greatly reduce expensive professional fees.
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D016361:Bankruptcy / Q000458:organization & administration*; D017046:Cost Savings; D005377:Financial Management, Hospital; D006777:Hospitals, Proprietary / Q000191:economics*; D014481:United States