Business Bankruptcy

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

Are you in the midst of a bankruptcy for your business? Maybe you are filing for a Chapter 11 but not sure if a Chapter 11 is going to work. Can you change a Business Chapter 11 into a 7? Kerkman & Dunn is here to help you navigate bankruptcy law with your business. Converting… Read more

Owning a small business is a goal and a dream for many. If you are out there doing it right now, it’s perfectly understandable that you are struggling. The economy is in a weird place. Inflation, rising costs of supplies, and constant uncertainty are not great conditions to keep a small business afloat.  Many will… Read more

Every business is unique, as is every business’s financial situation. This can lead to different strategies when it comes to handling a bankruptcy, especially with the economy the way it is. You may be wondering can a business file for Chapter 11 bankruptcy multiple times? Kerkman & Dun has the answers you are looking for…. Read more

Obviously, the best way to avoid bankruptcy is to make more money than you spend, but we know all too well that this is easier said than done. Often to stand up a business, debt has to be accrued on the promise of future earnings, but those future earnings don’t always go as planned, new… Read more

Whether you are considering both bankruptcies or maybe one to save the other it can be helpful to explore the difference between business and personal bankruptcy. At Kerkman & Dunn, we are business bankruptcy experts, and we know our way around the legal aspects of bankruptcy. Let us help you understand the differences. What Chapter… Read more