Travel management company CWT emerges from Chapter 11 reorganization in the US Bankruptcy Court a day after filing. The court's approval allows the company to complete the financial recapitalization process. Furthermore, it must also conclude its pre-packaged Chapter 11 filing.
CWT focuses on bringing out the best experience for its employees as well as its customers. It emphasizes the term "B2B4E", short for "business to business for employees." The travel management company has won three gold and one platinum Ecovadis awards for the past four years with its corporate social responsibility.
CWT Files for a Pre-packaged Bankruptcy
In September 2021, CWT announced its plans to file a pre-packaged Chapter 11 plan, hoping to close a $1.5 billion refinancing deal. Additionally, Ski...
