Is Chapter 11 Bankruptcy an Option for Sole Proprietors?
to pay their routine business expenses each month. For many, bouncing back from these rough patches is possible, but for some, filing for bankruptcy can be the best choice for their personal well-being. When filing for bankruptcy, sole proprietors may want to explore options that allow them to continue running their businesses while paying off… Read more
Choosing the Most Beneficial Formation Structure for Your New Small Business
If you are an aspiring small business owner, know that engaging in small business planning now can help to ensure that your new company thrives once it becomes operational. This process can also help to ensure that your personal risk of liability tied to your company’s success or failure is mitigated if that is a… Read more
Navigating a Risk of Commercial Intellectual Property Litigation
Whether business owners operate within a niche industry or a highly competitive, broad-based area of the marketplace, there are few assets that are more vital to the sustainability of their business model than their company’s intellectual property. Intellectual property gives each company its unique edge and allows it to stand out from competing operations. As… Read more
Protecting Your Company’s Interests Now that Noncompete Agreements Are Under Threat
Recent news that the Federal Trade Commission (FTC) has proposed a ban on noncompete agreements in both private and public employment situations has sent shockwaves through the business community. On the one hand, increasing the competitiveness of the marketplace tends to drive innovation and inspire solid companies to employ even smarter business tactics. On the… Read more
Alternatives to Filing for Business Bankruptcy in Wisconsin
Businesses finding themselves struggling financially have legal options in Wisconsin, helping them find relief. One common example is filing for Chapter 11 bankruptcy, allowing companies to reorganize their debts while keeping the company alive and operating. However, in Wisconsin, business owners can look at two alternatives to filing for Chapter 11 bankruptcy: Chapter 128 or… Read more
What Is a Cram Down in Chapter 11 Bankruptcy?
Filing for Chapter 11 bankruptcy can help you keep your business while restructuring your debts. However, as with any major financial decision, deciding to file Chapter 11 bankruptcy is not one to take lightly. It’s best to understand how Chapter 11 can impact your business and finances. Additionally, you’ll want to understand the bankruptcy process,… Read more
Can My Chapter 11 Bankruptcy Be Contested?
Even well-organized businesses can face financial challenges – especially in today’s economic environment. However, struggling businesses can seek financial help by filing for Chapter 11 bankruptcy, allowing them to reorganize their debts while they continue operating their business. When you file Chapter 11 bankruptcy for your business, the goal is to come up with a… Read more
What Are the Pros and Cons of Chapter 11 Bankruptcy?
Making the decision to file bankruptcy is not one to take lightly. You’ll need to consider the ins and out’s of the process, how long it will take, and how much it will cost. One type of bankruptcy is referred to as “Chapter 11.” Chapter 11 bankruptcy is often referred to as a “reorganization” bankruptcy,… Read more
Can an Individual File for Chapter 11 Bankruptcy?
Today, companies are feeling economic pressure at high levels, stemming from the pandemic and high inflation, as well as a rapidly changing job market and economy. According to the American Bankruptcy Institute, commercial Chapter 11 bankruptcy filings increased by 74 percent between November 2021 and November 2022. But this begs the question: Can an individual… Read more