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Using Chapter 11 as a strategy

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, respectively. Other high-profile companies include Toys “R” Us, Gymboree, Charming Charlie, Gander Mountain and Payless. Also, the Commonwealth of Puerto Rico—after Congress passed a special statute—put a plan in place to restructure an estimated $73 billion of debt.

Greater Chapter 12 flexibility for struggling ag operations

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.

Chapter 11 and the restaurant business

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 industry, is struggling to stay in the black.

New bill provides tax relief for bankrupt farmers

Running a farm in the twenty-first century is no easy task. The financial burden is frequently too heavy for many farmers, sometimes even leading to bankruptcy. Fortunately, a newly enacted bipartisan law has recently been signed into law to provide tax relief to bankrupt family farms.

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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