Open AccessFinancial Information In The Chapter 11 Process
Author(s) -
M. Virginia Parker,
Nancy D. Miller
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v6i2.6304
Subject(s) - process (computing) , business , finance , power (physics) , risk analysis (engineering) , process management , accounting , computer science , operating system , physics , quantum mechanics
Although the Chapter 11 filing has occasionally been viewed as a potentially useful management tool, its associated costs are tremendous. Chapter 11 proceedings absorb an enormous portion of managements time. Many formerly routine decisions must now be evaluated by outsiders, who are given legal power to accomplish their own goals. The delays in the decision-making process reduce managements effectiveness.