There are many different types of bankruptcy available to people in an assortment of different circumstances. Those who own and operate successful businesses may want to consider Chapter 11 bankruptcy. Chapter 11 bankruptcy involves the reorganization of a business or...
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chapter 11 bankruptcy for businesses
4 advantages of filing for Chapter 11 for a trucking company
If financial storms threaten to capsize your Florida trucking business, Chapter 11 bankruptcy can serve as a lifeline. From fluctuating fuel costs to rising insurance premiums, these pressures can push even well-managed operations to the brink. This legal option...
Chapter 11 bankruptcy may help small businesses
Consumers often use Chapter 7 or Chapter 13 bankruptcy to seek debt relief, but small business owners have another option. They can use Chapter 11 bankruptcy to help their company minimize financial pressures, overcome debt and work toward long-term success. An...
Bankruptcy can help businesses invested in commercial real estate
Both businesses and individual investors tend to rely on long-term market trends when making financial choices. For example, many parties invest in real estate as a means of hedging risk and turning capital into a long-term source of financial gain. Many businesses,...
When is the right time to file bankruptcy? 5 things to consider
Executives and business owners have to take responsibility for how a business performs, and sometimes they have to make very difficult decisions. The choice to file for business bankruptcy could lead to a company's closure or to massive overhauls during the...
What happens to a company’s lease during a business bankruptcy?
Having control over operational costs is crucial for the financial success of a company. It can be prohibitively difficult to ensure that a company can profit off of transactions unless it can control its basic expenses. Many business expenses are recurring costs that...
What happens when trucking companies file for bankruptcy?
People often say that there is great money in the commercial transportation industry because they hear about the salaries that semi-truck drivers command or learn about how much of the domestic economy depends on over-land transportation. In reality, many...
When does filing for business bankruptcy make sense?
The primary purpose of having a business is usually to generate profit. Unfortunately, it can be a serious challenge to open a business or keep a company solvent as the market changes. In recent months, for example, inflation has certainly put the pinch on numerous...
Can businesses discharge wage-related debts in bankruptcy?
Business owners who experience a large uptick in operating costs or a sudden drop in revenue may have to make difficult decisions. Oftentimes, reducing their workforce and possibly even the number of locations that the company operates may be necessary if the...
Why do hotels file for bankruptcy?
If you’re starting a hotel from the ground up, then there are a lot of considerations when purchasing land, hiring contractors, working alongside business consultants, etc. While there are a lot of physical decisions to make, there may be a lot more legal discussions...