Chapter 11 Bankruptcy Tag

A Business Filing for Chapter 11 bankruptcy protection implies that the company is on the verge of bankruptcy, but believes that it can once again become successful if it is given an opportunity to reorganize its assets, debts, and business affairs. What should you do if you own or operate a business with mounting debts and your creditors have started to demand payments, which you are unable...

If you own a company and have had to file for bankruptcy from 2017-2019, you maybe be interested to know that a court case has been filed against the fees implemented by the federal government. These extreme fee hikes are in effect in every state except Alabama and North Carolina, which may strengthen the unconstitutional label the court case is trying to attach to the federal government’s...

So, you made the decision to reclaim your life from financial trouble in 2018 and file for bankruptcy.  When you file, you basically separate from your estate.  You can think of your estate as a separate person.  This can create some complexities during tax season.  To add more into the mix, the chapter under which you file can change things!  Read on to learn more about the fun of taxes...

In March of this year, Claire’s began to crumble under the weight of just over $2 billion in debt.  With stores in nearly every mall in America, the ear-piercing giant was feeling the decline of the mall as we know it.  Unable to pierce ears over the internet, Claire’s has suffered the same reduction in foot traffic as most of the stores in malls have these days.  Chapter 11 bankruptcy became...

Just about everyone in America has heard of Sears.  They have been selling us anything from jack-hammers to mittens for over a century.  The giant has been wobbling for some time and now they are officially filing for chapter 11 bankruptcy protection.  Sears is one of the more notable victims of the “online shopping era”.  A Little Background on Sears Sears began as Sears, Robuck, and...

Many businesses file for chapter 11 bankruptcy, Donald Trump’s businesses seem to have this step built into their plan.  With 6 chapter 11 bankruptcies under his built, Trump has shown a willingness to throw ideas at the wall to see what sticks.  Let’s take a look at those ideas that did NOT stick. First, the Basics of Chapter 11 Bankruptcy Unlike chapter 7, after filing for chapter 11...