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Bookmark or Share- Rocky Mountain restructuring to avoid bankruptcy, and GT is laying off ...File photo: Matt Miller. With year-end approaching, two iconic mountain bike brands are making big moves to stay afloat in a difficult market. Yesterday, Rocky Mountain announced in a press release that it has filed for protection under the Companies’ Creditors Arrangement Act in Canada in order “to avoid business interruption as much as possible.”
- Bankruptcy - United States CourtsAbout Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity. All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code.
- Rocky Mountain Bicycles Restructures to Avoid BankruptcyA press release sent out Thursday, Dec. 19, 2024, details that Rocky Mountain Bicycles will file for the Companies’ Creditors Arrangement Act, or CCAA. This will allow the legacy brand to avoid serious business interruptions as much as possible while it does some restructuring to continue operations.
- Complete Guide: Bankruptcy 101 | BankrateLearn about the types of bankruptcy, what it takes to file and consider all the bankruptcy alternatives you could pursue instead, along with their pros and cons.
- Pros And Cons Of Filing Bankruptcy - ForbesBankruptcy is designed to give debtors a fresh start and provide relief from creditors. But filing for bankruptcy is a complex decision, and while it may be the best route for some, it’s not...
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