Why businesses that declare bankruptcy don’t always die, The Goods, Winter 2018

Client: The Goods

Writer: Eliza Brooke

Illustrator: Sarah Lawrence

“While bankruptcy can result in the liquidation or sale of a company, it also presents an opportunity for it to restructure while continuing to operate, suspend or reconfigure debt payment, and get back on its feet, so to speak. That was the case for United, Delta, and American, which all exited bankruptcy in less than four years. Since 2017, we’ve seen a wave of once-powerful retailers going the same route, like Sears, Mattress Firm, the clothing brand BCBG, and the accessories chain Claire’s.”

Check it out here.