When you think of a business that is restructuring for a better financial outcome, do you imagine a large corporation? Maybe you think about a business with 500 employees or a massive factory that produces many of the products people use today. While Chapter 11...
Month: March 2022
read more
Does increased competition lead to bankruptcy?
One of the things that potential business owners consider carefully when they decide to start a business is if they have a lot of competition in that space. Most businesses have some competition, as evidenced by cities with hundreds of similar restaurants, but owners...
Do you have to pay the rent if your business declares bankruptcy?
When you started your business, you signed a three-year lease. You thought it would be a very successful company and you would address an extension when that term ended. However, it's now been two years and you've realized your business needs to declare bankruptcy....