10 companies that bounced back after bankruptcy
Hostess bounced back after declaring bankruptcy in 2012.
- Chapter 11 bankruptcy allows companies to reorganize in order to become profitable again.
- Companies like Hostess, Marvel, Converse, and GM have declared bankruptcy and bounced back stronger than ever.
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Declaring bankruptcy doesn't necessarily signal the end of a company. With the right restructuring strategy, brands can get back on their feet and emerge from bankruptcy stronger than ever.
These 10 household names worked their way out of debt and back into the black after filing for bankruptcy. Here's how they did it.
Marvel filed for bankruptcy in 1996.
Delta Air Lines filed for bankruptcy in 2005 and spent a year and a half restructuring.
It seemed like Hostess was closing for good in 2012, but the beloved brand is back.
American Airlines was profitable just three years after declaring bankruptcy.
General Motors filed for bankruptcy at the height of the worst financial crisis since the Great Depression.
The Chicago Cubs filed for bankruptcy in 2009.
Betsey Johnson filed for bankruptcy and closed all 63 stores in 2012 before relaunching her fashion brand.