Why Companies File Chapter 11, and How They Recover

Most companies don't file Chapter 11 because the business is dead. They file because cash ran out before the fix arrived.

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About the author

Carlos F. Flores is a turnaround manager and fractional CFO at CFO Fractional, where he serves as financial advisor to the debtor or chief restructuring officer in Chapter 11 cases and leads out-of-court turnarounds for small and mid-sized companies. He is a former Partner at Booz Allen & Hamilton, Roland Berger and Adventis, a former scientist at AT&T Bell Labs and an angel investor with Golden Seeds, and he founded and exited an e-commerce health, beauty and pet products company.

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