Sears CEO Eddie Lampert is considering a bid for some of the retailer’s popular brands, like Kenmore, as well as some real estate. It could help the company avoid liquidation. According to Business Insider, Lampert is the company’s largest shareholder and lender. As...
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Year: 2018
The information needed to file for Chapter 12 bankruptcy
If you run a family farming business in the state of Florida and are struggling with debts, it is likely that you are considering the options that you have to improve your situation. While trying to repay debts alone can theoretically be possible, constant...
How to manage debts through monthly payments
If you are struggling with managing debts that have arisen over time, it is likely that you have been finding it difficult to hold yourself accountable when it comes to sticking to your monthly budgets. If you bury your head in the sand and ignore your repayment...
Becoming the debtor-in-possession during a bankruptcy
If you are the owner of a business that is struggling with financial difficulties, it is likely that you have considered the varying options available to you. While options could include making layoffs, changing your business plan or closing down unprofitable aspects...
Farmers tapping into new markets to tackle financial struggles
In the last 50 years, the consumption of cow's milk has declined by 40 percent. In addition, recent years have seen a trend in people cutting out or reducing meat and dairy products for a number of different reasons, including environmental and health reasons. For...
Which type of bankruptcy is best for my agricultural business?
You know firsthand the financial challenges of owning farm or another agricultural business. After several years of struggle, your debt from running your business is insurmountable, and you are considering bankruptcy. Filing bankruptcy is nothing to be ashamed of:...
Discharge your debts through Chapter 11 bankruptcy
Struggling with debt can be extremely stressful, and sometimes it can be difficult to know which way to turn. While there is a certain social stigma attached to the act of filing for bankruptcy, it is actually perhaps the best thing that you can do for your finances...
Why should I file for Chapter 13 bankruptcy?
If you are currently unable to pay your bills on time you may want to consider bankruptcy as an avenue to resolve your debt troubles. In the vast majority of cases, individuals in debt trouble will need to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy....
Making your company more profitable while filing for bankruptcy
If you are struggling with unmanageable debts as a business in the state of Florida, it is likely that one of the primary reasons for this is because of an unhealthy cash flow. This has meant that the interest rates associated with debts have led to the situation...
Restructuring your farm after debt struggles
When any business is struggling with debts, it is vital that action is taken early on in order to prevent the situation from escalating. The debt accumulation is likely to be due to a number of external or environmental factors that are largely out of the business...