What happens when a company goes bankrupt?

The retail apocalypse struck again this week with Pier1 announcing massive store closures and rumors spreading that the company could be headed for bankruptcy. Yahoo Finance’s Brian Cheung breaks down what will happen if the company does go bankrupt and the different bankruptcy options that Pier1 can choose on this week’s Yahoo U.
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[@Ivar1231]

This guy rocks, or whoever put the info together... Nice job 👍🏻 💯

[@JamesGamesMTG]

Informative video!

[@heedfulnewt6625]

Awesome educative video

[@rabiegeorgey5488]

Mattress firm should refund the consumers they scammed by selling them used mattresses as brand new in thier outlet and mega center locations. Get it togther mattress firm. Mattress firm should immediately fire all employees district manager and above that participated in this massive scam

[@misstmissb7836]

If a company/hospital file bankruptcy should person still pays them for services that was owed?

[@beibeili5421]

its very difficult to pull off

[@laysz]

chun shoes. sounds like a B rated Kung Fu character

[@jjackshaw1]

No lesson on chapter 13

[@jonathan74123]

Yeah, this segment should have had that.

[@Ashley-fe3uu]

They may have decided not to include it because corporations can not file for chapter 13, which is geared towards people and pass-through entities

[@bitik9847]

True