Most companies follow a gradual path to a Chapter 7 bankruptcy. In many cases, the brand will show obvious signs of struggle, such as paying vendors late, missing payroll dates, or cutting back on needed expenses. Many times, a Chapter 7 filing follows an attempt to reorganize under a Chapter 11 bankruptcy. That's not what happened with SouthPrint, a leading screen print apparel company that also operates under the name Checkered Flag Sports. It's impossible to know if employees missed obvious signs of ...