Reasons to Consider Chapter 7 When Going Out of Business
Businesses go out of business for a lot of reasons. The most common though comes down to simple math. More money going out than coming in. Eventually that equation makes maintaining your business unsustainable. What do you do though? How do you resolve your business? You could pay off your debts, close the doors, and… Read more
Implications For Businesses After Filing For Chapter 11 Bankruptcy
No one makes the decision to file for bankruptcy lightly. Are there long-term implications for businesses after filing for Chapter 11 bankruptcy? Kerkman & Dunn Attorneys at Law are experienced in all aspects of business bankruptcy, and we are ready to help you understand what you should have on your radar when you are thinking… Read more
Are There any Requirements a Company Must Meet Before Filing Chapter 11?
Bankruptcy ends up being a recourse for many business owners. It can be your last hope or just the best strategy you have available for getting through a difficult time with most of your business intact. However, are there any requirements a company must meet before filing Chapter 11 Bankruptcy? We can go through what… Read more
Will Business Bankruptcy Provide Immediate Financial Relief?
If your business is facing bankruptcy as your only remaining option, then you may be wondering if it will even help. If it’s hard for you to even open the doors tomorrow, what good will a lengthy bankruptcy trial do to your ability to continue operating? Will a business bankruptcy provide immediate financial relief? Yes,… Read more
What should you do before filing for business bankruptcy?
If you are driving down the road of bankruptcy with your business, then you need help. What should you do before filing for business bankruptcy? You may have some options, and an experienced law firm like Kerkman & Dunn can walk you through those options. What is the downside to filing business bankruptcy? You may… Read more
What’s the Difference Between a Chapter 11 Bankruptcy and a Wisconsin Chapter 128?
Chapter 11 bankruptcy is often pursued by businesses that can no longer handle their debt payments and need some relief in order to restructure their business and achieve solvency again. Creditors still get paid, but the business can stay alive and continue to function. In Wisconsin though, there is an alternative known as Wisconsin chapter… Read more
Top Reasons a Chapter 11 May Be Denied
Chapter 11 bankruptcy serves as a valuable option for companies to stay in business while restructuring their debt. And often, an effective business reorganization plan is something that a company can go through that allows them to come out stronger on the other side. Going through a debt restructure with a Chapter 11 bankruptcy allows… Read more
How Does Chapter 11 Bankruptcy Affect Employees?
Chapter 11 bankruptcy has a lot of negative connotations associated with it. The reality is that filing bankruptcy is done in an effort for the company to stay in business and take care of as many of the vital business components that it can. This includes ensuring that it can treat employees as fairly as… Read more
Do Customers Know that you Filed Chapter 11?
A common misconception about chapter 11 bankruptcy is that it is bad for the business. While certainly not something that the company was hoping to undergo when they opened, chapter 11 bankruptcy is essentially debt reorganization that is done in a way that allows the business to stay open and retain profitability. Many large corporations… Read more