For Business Bankruptcy law certificate holders, “Board Certified – Business Bankruptcy Law – American Board of Certification” and for Creditors’ Rights law certificate holders, “Board Certified – Creditors’ Rights Law – American Board of Certification.”
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As a hotel owner, you likely don't need anyone to remind you of how destructive natural disasters, medical crises and issues with the economy can significantly impact your operations. These different phenomena may not only cause physical damage to your property,...
Businesses, just like individuals, can go through times of financial hardship. Maybe you run a residential real estate rental company and have non-paying tenants who have left you behind on your bills. Perhaps you ran into some issues with a supplier and had to close...
Chapter 12 bankruptcy is a unique form of bankruptcy designed for agricultural businesses. With a Chapter 12 bankruptcy, farmers who are dealing with debt can look for “cramdown” solutions, which help them reduce their debts significantly by comparing the value of a...
Those who have never worked in the commercial transportation industry have no concept of how valuable commercial trucks really are. The average person would likely express shock to learn that recently manufactured 18-wheelers could cost as much as a home, possibly...
A business struggling with more obligations and liabilities than income may have to get creative in its attempts to regain control over company finances. Business bankruptcy, such as Chapter 11 proceedings to help restructure or reorganize the company, can be a...
A bad real estate investment is one that isn’t helping your business in any way. Some may say that it bleeds money, costing you much more than you’ll ever see in returns. It is frustrating to deal with a bad investment property, especially if you can’t easily sell it...
If the recent economic downturn has put a big dent in your finances, you now may feel like you are drowning in debt. Maybe that rental property you bought three years ago has sat vacant during the last year, which is part of the reason you now are struggling. You may...
Trucking companies sometimes struggle with their finances. In some cases, those companies go under. That’s what happened in the case of Celadon Group Inc., which was formerly located in Indianapolis. The trucking company filed for bankruptcy back in December 2019,...
Being in high amounts of debt can make you feel stressed, distraught and powerless, even if you continue to earn a high income. Financial stability is less concerned about the amount that you earn and more concerned about the health of your cash flow. Therefore, even...
When you decided to open a restaurant, you knew it was a risky venture. Many restaurants struggle and ultimately fail within a few years. Of course, 2020 has been a very difficult year for the restaurant business with mandated shutdowns and capacity limits due to the...
