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chapter 11 bankruptcy for businesses Archives

Cash flow solutions under Chapter 11

It is a simple fact that businesses can acquire cash flow issues at some point in their development. This does not mean that the business itself needs to fail or that the services they offer need to be fundamentally changed. But it can mean that the business gets into a significant amount of debt over time.

Winn-Dixie might close 200 stores in possible bankruptcy

The parent company of Winn-Dixie is considering another bankruptcy process that could result in the closure of 200 stores in the area. If that happens, it would leave loyal Winn-Dixie shoppers in Florida forced into buying their food at other stores.

Liquidating a business through Chapter 11

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.

Chapter 11 advantages for small business debtors

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 advantages to small business debtors over others. Depending on the nature of the bankruptcy and the small business, Chapter 11 offers several distinct advantages, streamlining the process and usually reducing the overall costs.

When should businesses file for Chapter 11 bankruptcy?

There are many instances when businesses become in dire need of a fresh financial start. Debts can become a vicious cycle of repayments and inability to meet those repayments, ultimately incurring further costs.

Business bankruptcy: considering Chapter 11

If a business is going through hard financial times, the most important thing is to find a way to get the debts repaid, while at the same time maintaining and growing the current business streams. This can be a hard act to juggle, and there are many possible strategies that can aid you in going about doing this. One of these options can be filing for Chapter 11 bankruptcy for businesses.

Chapter 11 bankruptcy can be a good thing for business

When thinking about your business, you know that failure is not an option. Unfortunately, 80 percent of new businesses fail within the first 18 months, according to Forbes. What options do owners have when a business is in the doldrums? Legal options are available to help businesses bounce back from even the worst financial circumstances, and a high-profile example is taking place right now.

Tampa Bay nursing home files Chapter 11 bankruptcy

It has been announced that the GraceWood rehabilitation and nursing care facility has filed for Chapter 11 bankruptcy. They have decided to reorganize their business largely due to an overwhelming amount of accusations and consequential fines relating to patient abuse.

Tax obligations while your bankruptcy is pending or discharged

Bankruptcy can change how you go about filing your taxes. One of the worst mistakes you can make is assuming that the way you've filed them at other stages in your life is the same approach you'll use when your bankruptcy is still pending or recently wrapped up.

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