Your business was going well until the pandemic. Since then, you’ve been getting by on loans, savings and the skin of your teeth. If you have done your best to make a fundamentally sound company work but the pandemic has you dead in the water, you might still be able...
Filing for Chapter 11 bankruptcy stops collection activities
Business was tough enough before the pandemic. Now, many businesses are facing a cascade of troubles. Vendors and suppliers are slow or unable to fulfill their contracts. Your rental properties aren’t paying. Expenses haven’t gone down, but income has dropped off. And...
The basics of Chapter 11 bankruptcy
If your business is struggling, you may find that your debts become too much for you to handle. In this case, it might be the best idea to file for bankruptcy protection. Many businesses decide to file for Chapter 11 bankruptcy. You may hear people call it...
SBRA expected to be a good friend to some small businesses
If you have watched a small business suffer through bankruptcy, or if your own business has ever explored bankruptcy, you may want to update your files on the topic. Chapter 11 reorganization has new possibilities thanks to the Small Business Reorganization Act of...
Bankruptcy benefits for business owners
Does bankruptcy seem scary? It shouldn't. Businesses of all sizes experience financial trouble, and bankruptcy is a proven method that provides a way out and a fresh start. Business owners can choose either Chapter 7 or Chapter 11. Chapter 7 is referred to as business...
