Once companies declare bankruptcy,they always go out of business.

Name: Once companies declare bankruptcy,they always go out of business.
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Companies can declare bankruptcy and still continue operating by reorganizing their finances and restructuring their debt. This is known as Chapter 11 bankruptcy in the United States, and equivalent laws and procedures exist in other countries. In some cases, a bankrupt company may also be acquired by another business and continue operating under new ownership.

Once Companies Declare Bankruptcy,they Always Go Out of Business