Business, 26.06.2020 23:01, amir6658

In December 2008, Hawaiian Telecom took action to strengthen its balance sheet by reducing debt. Although the company continued to operate, its creditors could not collect their debts or loan payments that were due prior to the legal action that the company took. However, on November 30, 2009, the company had $75 million in cash on hand. This is an example of:
1. Reorganization
2. Liquidation

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In December 2008, Hawaiian Telecom took action to strengthen its balance sheet by reducing debt. Alt...