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chapter 11 bankruptcy for businesses Archives

Business bankruptcy: considering Chapter 11

If a business is going through hard financial times, the most important thing is to find a way to get the debts repaid, while at the same time maintaining and growing the current business streams. This can be a hard act to juggle, and there are many possible strategies that can aid you in going about doing this. One of these options can be filing for Chapter 11 bankruptcy for businesses.

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.

Tampa Bay nursing home files Chapter 11 bankruptcy

It has been announced that the GraceWood rehabilitation and nursing care facility has filed for Chapter 11 bankruptcy. They have decided to reorganize their business largely due to an overwhelming amount of accusations and consequential fines relating to patient abuse.

Tax obligations while your bankruptcy is pending or discharged

Bankruptcy can change how you go about filing your taxes. One of the worst mistakes you can make is assuming that the way you've filed them at other stages in your life is the same approach you'll use when your bankruptcy is still pending or recently wrapped up.

Know the law on Chapter 11 Bankruptcy Agreements

Chapter 11 Bankruptcy is known as "reorganization" bankruptcy; often, it's a way for companies to carry on some or all of their business activities by restructuring to create a profitable plan for the future. This may be done by large organizations, or by small-medium enterprises such as agriculture firms. In this blog, we will run through the basics of what the desired outcomes of a Chapter 11 Bankruptcy are.

Florida cancer care companies face debt restructuring

Recently, 21st Century Oncology, which is based out of Fort Myers, filed for Chapter 11 bankruptcy reorganization. This action creates uncertainty about the future of over 100 cancer treatment clinics that are located here in Florida.

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