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The corporate reorganization bankruptcy (a “Chapter 11 case”) is actually not well understood by neither businesses nor non-bankruptcy attorneys or most media reporting on bankruptcy proceedings. The reorganization process is complex and must account for many variables, some of which are known before a filing occurs, and some which develop later in the process.

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On March 13, 2020, President Donald Trump issued a proclamation declaring a national emergency in connection with the emergence of the novel coronavirus (COVID-19) in the United States. Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak.

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