Guiding business back on track.
Business bankruptcy can involve intentionally restructuring a business. Executives and business owners often focus on immediate financial challenges when deciding to restructure and may fail to account for secondary challenges that could potentially arise during that...
Businesses with multiple locations, including restaurants and retail establishments, often face a lot of challenges during bankruptcy. They have many financial obligations that can lead to creditor challenges and complicate the process of obtaining a discharge....
Corporate America is accustomed to erratic changes in consumer behaviors, market conditions and economic activities. With all these external elements and potential internal conflicts, business owners must know that filing for bankruptcy is always possible....
Entrepreneurs who operate their businesses as sole proprietorships, simple partnerships or limited liability companies (LLCs) with a single member have a lot of responsibility to work for the success of their organization. They may spend years working long shifts...
Complex business litigation encompasses a wide range of legal issues that arise in commercial transactions and business operations. Due to their intricate, challenging nature, these cases often require substantial time and expertise. Multiple parties, such as business...
One business's financial challenges can have implications for numerous other organizations. For example, when a company falls behind on payments to lenders and creditors, those other businesses may begin to struggle because of those missed payments. Although the...
Business bankruptcy can be a way to recover from a rough few years or a changing marketplace that may require adjustments to a current business plan. Restructuring an organization and its debt can potentially reduce its operating expenses and help it become a more...
The "zone of insolvency" is a term used in bankruptcy law to describe a period when a company is in financial distress, generally when its liabilities exceed its assets. It refers to the point in time when insolvency and bankruptcy become a real possibility. During...
For many businesses facing financial difficulties, Chapter 11 bankruptcy is a tool that allows them to restructure, reorganize and relieve themselves of the burden of their debt through careful planning and setting the business back on the path to profitability. In...
As a business owner, you certainly know that costs have been rising over the past few years. Inflation has played a part, as has the strength of the labor market, which is benefitting from rising wages in certain positions and industries. But many business owners are...
