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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If you are the owner of a small business and want a fresh start from your debts, then you have many options open to you. It is important to remember that by filing for bankruptcy, you are not admitting defeat, but instead taking action to strategically move forward....
Running a farm is difficult business, and times are changing quickly. It is unfortunate that hard working farmers are subject to swiftly changing consumer demand, and it can be impossible to change supply and business models as quickly as the market changes...
In a new year, many people think about how they can improve their financial situation for the year to come. It is common for people's resolutions to include saving money or getting out of debt. In many cases, the best way for a person to get out of his or her debt is...
2017 brought a number of high-profile Chapter 11 bankruptcy filings into the spotlight. Companies like Seadrill Limited (a deepwater drilling contractor) and Walter Investment Management Corp. (mortgages) lead the pack with debt of $21.7 billion and $16.8 billion,...
Chapter 11 bankruptcies are excellent tools available to both small business debtors and other consumer debtors. They offer relief from unmanageable debt to those who qualify. However, the procedure does not treat all groups of debtors equally, and offers a number of...
Bankruptcy has always been a mixed blessing for farms and ag product companies. On the one hand, Chapter 12 buys relief from creditors, and lets farmers catch their breath and reschedule debt repayment without having to sell critical machinery and equipment. On the...
Filing for a Chapter 11 bankruptcy can be a long process. It involves multiple hearings in order to finalize the reorganization of your business and debts. Below is a brief summary of the main steps. Gathering your documents: Compile a list of all your company’s...
Chapter 12 bankruptcy was enacted in the 1980s as a response to an ailing farming industry. It shares some similarities with Chapter 13, but it also accounts for farming’s seasonal nature and thus offers more flexibility with payments. Less complex than its Chapter 11...
The last few years has seen scores of familiar names look to bankruptcy protection: Howard Johnson, Fox & Hound, ChiChi’s, Steak & Ale, Macaroni Grill, Sbarro's, Old Country Buffet to name a few. Even McDonald’s, the king of the restaurant...
When a business files for Chapter 11 reorganization, a number of parties may become involved in the process. Depending on the nature of the debts motivating the business to reorganize, the procedure may call for forming a creditors' committee. While each creditors'...
