Business Bankruptcy

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...

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,...

A business declaring bankruptcy affects different people, including employees. It can be challenging to inform your employees about such a decision, but it’s necessary because it will affect them. For instance, wages may be delayed, and being laid off may be possible...

Cash flow is tight, and you are exploring all options, including bankruptcy. A significant portion of your operating capital comes from customer deposits for future goods or services. What rights do these customers have, and how will courts treat their deposits in...

Business insolvency is often confused with bankruptcy. While they are two different things, insolvency often precedes bankruptcy. It doesn’t have to, though. Learning more about what insolvency is can help business owners who are trying to restructure their debt...

When a business struggles to stay afloat, the fine print of existing contracts can become a major concern. As you consider bankruptcy, you may wonder whether these agreements will remain enforceable or become void. The reality is that bankruptcy can have a significant...

There are many challenges inherent in pursuing business bankruptcy. For example, leaders within an organization have to choose the type of bankruptcy to pursue. They may have to negotiate while restructuring or prepare to liquidate certain assets as part of the...

Bankruptcy is a daunting possibility that no entrepreneur wants to face. Unfortunately, this nightmare is the reality for many business owners.  Understanding the common causes of bankruptcy is crucial if you are struggling with business costs. In this blog, we'll...

Commercial leases provide a stream of revenue for property owners and operating space for new or growing businesses. Leases are flexible and cost-effective, making it possible for businesses to adjust to changes in the economy. However, they are also a major source of...