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Chapter 11 bankruptcy can be a good thing for business

When thinking about your business, you know that failure is not an option. Unfortunately, 80 percent of new businesses fail within the first 18 months, according to Forbes. What options do owners have when a business is in the doldrums? Legal options are available to help businesses bounce back from even the worst financial circumstances, and a high-profile example is taking place right now.

Product liability and chapter 11 bankruptcy

A mass recall causes many problems. There's the damage to your reputation, but also the cost of replacing thousands of dollars of merchandise. Depending on the recall, there is often a product liability lawsuit to go with it. In severe cases where products cause actual harm, the damage can be so costly it puts the company in debt.

American Board of Certification Avvo Client's choice 2013 chapter 11 Avvo Rating 10.0 Superb Top Attorney Chapter 11 2017 | Best Of Tampa Bay | Profile Series

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