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When you file for a Chapter 11 bankruptcy, your goal is to reorganize your business affairs, assets and debts in order to make a fresh financial start from debt. It can protect your business’ assets from being seized by creditors, especially if your company is in a...
Filing for Chapter 11 bankruptcy means the company is facing financial difficulties. However, it believes it can recover. This type of bankruptcy allows the business to continue operations while restructuring its debts and business model. It has significant...
Times have been tough over the last few years, especially for small business owners. Supply chain interruptions, staffing issues and cuts in consumer spending due to inflation have made profit margins thinner than ever. Many small businesses eventually need to seek...
Establishing your own business might be one of your lifelong dreams. However, it is not all sunshine and rainbows in the field of business. You could experience financial turmoil, leading you to consider shutting your business down. But there are options available to...
Running a franchise demands more than hard work, but also a solid grasp of your rights. Before you sign up to franchise a business, it is crucial to arm yourself with a well-written agreement that looks out for your best interests. It may not be apparent now, but...
Starting the conversation about bankruptcy can be difficult. It's tough to think about ending a business you've worked hard to build. You might even start to question if business ownership is really for you. But remember, every business faces challenges. Don't let...
Commercial leases can significantly impact how a tenant or landlord operates their business. Vague details left undetected after signing the contract can lead to disputes over time, potentially resulting in losses or damages for both parties. Fortunately, they can...
Facing financial distress, businesses may resort to various strategies to mitigate losses, including filing for bankruptcy. However, bankruptcy law is complex, and improper actions taken by businesses and their owners to shield assets can lead to serious...
Small businesses do not always succeed. Still, it can be unsettling to discover that your commercial tenant is now unable to pay debts and obligations due to financial difficulties. Moreover, this unexpected development puts your rental income at risk. This is a...
In franchising, honesty and transparency are key to every successful business relationship. Overpromising, a common pitfall, can create false hopes and lead to disappointment. More significantly, it can border on misrepresentation. Misrepresentation is a type of...