Business 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

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

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

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

There is a myriad of rules related to bankruptcy – outlining what debtors and creditors can do and what they can’t. One of these rules relates to “fraudulent transfer.”  Fraudulent transfer occurs when a debtor transfers assets to another person – often a family member – while insolvent and with the intention of defrauding creditors. … Read more

Under the U.S. Bankruptcy Code, businesses and individuals in those businesses can file for Chapter 11 bankruptcy, allowing them to reorganize their debts while keeping the company alive and operating.  However, there is often confusion about how Chapter 11 bankruptcies work. Here, we’ve compiled a list of common questions about Chapter 11 bankruptcies for your… Read more

Most business owners start their companies with the intention of being successful.  However, life – and especially life outside of our control – happens.  This has never been more evident than in the past couple of years, with COVID, rising inflation, and a changing workforce. According to the U.S. Small Business Administration, almost 68 percent… Read more

The past three years have been rocky – to say the least – for small businesses. From the global pandemic to the Great Resignation, business owners have worked overtime to keep their doors open.  If you’re overwhelmed with overdue invoices or struggling to make payroll, you may consider filing for bankruptcy to get financial relief…. Read more

Business owners have had more than their fair share of challenges of late. Between erratic economic cycles and employment market changes, businesses have faced numerous trials, with some businesses questioning whether they can continue. Many business owners have filed (or considered filing) Chapter 11 bankruptcy, giving them a fresh start. Chapter 11 bankruptcy allows business… Read more