Business Bankruptcy

You may have already filed for bankruptcy and now face a different question: what happens to the business itself? Once the case is underway, it can feel as though your options have narrowed to waiting for the process to play out or closing your doors. In some...

Many people have never heard the term “involuntary bankruptcy.” While filing for bankruptcy isn’t something that any person or company does unless they believe it’s their best or only option for getting out from under crushing debt, the process is still usually...

When many people hear that a business is declaring bankruptcy, they assume that that is the end of the business. It is going under, and it is going to cease operations. They imagine that the business will sell off its inventory and assets, such as equipment and real...

Businesses can run into financial trouble for many reasons. In some cases, there is no real solution other than declaring bankruptcy. This could cause the business to close, such as with Chapter 7 bankruptcy, but it may also allow the business to stay open through a...

Many new business owners need to take out loans just to start the business and get it off the ground. This means that they start with significant financial obligations. There is an inherent risk in taking these on, especially if the business has not proven that it can...

Business bankruptcy does not necessarily mean the end of a company, but it does generally cause a dramatic shift in finances. Companies usually have to reevaluate their financial obligations, including executory contracts such as commercial leases. A lease can make a...

As a business owner thinking about filing for bankruptcy, it’s easy to feel like you’re staring down the end of the road. After pouring considerable time, money and energy into growing your company, the thought of filing can be overwhelming. However, bankruptcy...

Businesses, both startups and established ones, go through financial constraints now and then, and then they bounce back. However, at times, a financial challenge may make it impossible for a company to operate effectively to the extent that filing for bankruptcy...

If you are contemplating filing for Chapter 11 bankruptcy for your business, you already know that your business status is on shaky ground. The uncertain economy and the ever-changing threats of tariffs have businesses on edge. If the economy doesn’t level off soon,...

In today’s challenging economy, many businesses—large and small—find themselves struggling to stay afloat. Costs are rising, consumer spending is down, shifts in global trade policy is affecting supply chains and access to credit can be limited. It is of little wonder...