0:04
the best way to talk about the chapter
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11 is to not use the b word bankruptcy
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instead I use three other words
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restructure
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reorganize protect you’re restructuring
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your business you’re redoing the debts
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you’re reorganizing it you might be
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getting rid of leases or getting rid of
0:30
certain property you don’t need at that
0:32
point and protect you have the
0:34
protection of the automatic stay and you
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can tell people whether they be business
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partners or vendors or suppliers or
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customers you’re just in temporary
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protection so you’re not using the
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bankruptcy word the b word instead
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you’re saying our company’s going
0:53
through a restructuring or a
0:56
reorganization while we’re under some
0:58
temporary protection
1:00
that we find is the best way to talk to
1:04
others about what it is that your
1:06
business is going through