Over Three Decades Of Compassionate Legal Services For Individuals And Businesses Seeking Effective Financial Solutions
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...
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 industry, is...
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'...
When a person decides to file for individual bankruptcy, he or she will have very personal preferences when it comes to what sacrifices he or she is willing to make in order to get a fresh start from his or her debts. For many people, the line is drawn at the selling...
Does it feel as though the weight of your debts is crushing you? If so, you probably wonder if bankruptcy is the right decision. While it's not the right decision for everyone, many people have found financial freedom from filing for bankruptcy. For individuals, there...
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. If you are the owner of a small business, you may want...