Recent bankruptcy plans from big players like Federated and the National Rifle Association have legislators and the public wondering if there are too many loopholes that allow companies to evade litigation and liability. Bankruptcy has a bad rap, but it is an...
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Chapter 11 Bankruptcy
What will happen to your retail outlets in bankruptcy?
The dream of extending your company across different communities with multiple retail outlets can become a nightmare when your retail locations do not pull in enough revenue and your business becomes burdened by excessive debt. But if you successfully file for Chapter...
What you should know about credit counseling before bankruptcy
By law, you must obtain credit counseling before you file for Chapter 7, Chapter 11, Chapter 12 or Chapter 13 bankruptcy. The U.S. Bankruptcy Code mandates this for all individuals who file bankruptcy, even if the majority of your debts relate to your business. Per...
How do you rebuild a company after bankruptcy?
When your business is struggling financially, filing for Chapter 11 bankruptcy may be your only option. Because Chapter 11 allows you to continue running the company, you need to have a plan for the future. There are several steps you can take to help your business...
When is a Chapter 11 filing converted to a Chapter 7 filing?
Filing for bankruptcy may have already created a bit of uncertainty about the future of your small business. Changes to your financial situation throughout the process may cause other problems that require you to modify your bankruptcy filing. Understanding when a...
Will my stocks survive a Chapter 11?
When a company files for Chapter 11, you may get a bit nervous if you own stock in that business. While some businesses may not survive the bankruptcy, not every company will close completely. There is potential your stock will survive, but it will not be the same. ...
Prospect of Chapter 11 facing Dave Buster’s
There are many businesses in Texas operating in industries that some may believe to be "recession-proof." The common school of thought is that these industries provide either necessities that people cannot live without or premium services that consumers seek out...
Businesses Seek Bankruptcy Protection Due to Coronavirus
With so many businesses being shuttered during the COVID-19 pandemic, it’s no surprise that even well-established major corporations are pursuing bankruptcy. J. Crew was among the first of the major corporations to file for bankruptcy amidst the Coronavirus shutdown,...
Business Bankruptcy Alternatives
If your business is currently facing financial difficulties that it cannot handle on its own, it may be time to consult a corporate bankruptcy lawyer. While bankruptcy will have a significant impact on your business, it may be the only way to move forward. Types of...
How to File for Bankruptcy
If you have overwhelming debt or financial obligations, it may be time to file bankruptcy. If you’re not sure how to file for bankruptcy or whether it’s right for you, a personal bankruptcy lawyer can help you. When to Consider Bankruptcy Bankruptcy may be your best...