Business Turnarounds

Create a scenario in which a business’s most attractive optionmay be to declare bankruptcy identifying the benefits and consequencesof the filing. Provide a rationale with your response.
Create ascenario in which you would sell a portion of your financially troubledbusiness venture from Assignment 1 to a turnaround management companyin hopes of getting the business back on track. Provide support for howthis may be a desirable option.

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