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Representatives claim the US International Longshoremen and Warehouse Union (ILWU) “will continue to operate as usual”, despite it declaring bankruptcy and entering Chapter 11 over the weekend.
Chapter 11 bankruptcy is a procedure that allows businesses to recognise their debts while continuing operations, and is often referred to as ‘reorganisation bankruptcy’.
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Comment on this article
tabish Ali
October 04, 2023 at 7:15 amDespite declaring bankruptcy and entering Chapter 11, it’s great to know that the US International Longshoremen and Warehouse Union (ILWU) will continue operating normally.