US EditionMajor logistics and trucking company files Chapter 11 bankruptcy
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What Business Rescue Really Means For Trucking Companies And Their Drivers
Lately, we’ve been hearing more and more about trucking companies going into “business rescue.” For most truckers, this term sounds like legal mumbo jumbo. All we want to know is – are we still getting paid, and will our jobs be safe? Let’s break this thing down in plain language. What Is Business Rescue? Business rescue is a legal process under South African law (Companies Act, 2008) designed to help companies that are in financial trouble but …
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