LIV Golf and Leslie’s Filed Chapter 11. Here’s What Bankruptcy Actually Means

Two companies we previously dissected on Private Equity Experience have now filed Chapter 11: LIV Golf and Leslie’s Poolmart. Same bankruptcy chapter. Very different businesses — and very different reasons for ending up there. In this episode, Emily Sander, Ed Barton, and Rory Liebhart revisit both cases to explain what Chapter 11 actually means in practical business terms. They unpack why bankruptcy doesn’t necessarily mean a company has failed or is shutting down, how a prepackaged bankru...