Examlex
The practice of using the telephone rather than personal visits to contact customers is referred to as
Reorganization
The process of restructuring a company's business affairs, structure, or debts to increase efficiency or to adapt to changes.
Chapter 11
A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure their debts under court supervision.
Financially Successful
Describes a state or condition where sufficient wealth has been accumulated to surpass one's needs and desires, often through effective financial management.
Bankruptcy
A legal process through which individuals or businesses unable to meet their financial obligations can relieve their debts, often resulting in the liquidation or reorganization of assets.
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