That represented nearly a 29 percent decrease from the 265 Chapter 11 cases filed in 1997. Lawrence Engel, a veteran attorney who once clerked in Western Washington's bankruptcy court, noted that Chapter 11 does not allow businesses to get off cheap. Chapter 11 filings can be further complicated by such issues as unpaid back taxes, market pressures, poor management practices and personal problems, including divorce. Many of these cases fail. You're trying to engage in behavior modification and it doesn't always work.
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