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Posts tagged "blog"

Could your new Facebook friend be a creditor in disguise?

Social media has become ubiquitous with advertising in today’s society. As recent media stories have revealed, part of the ability for Facebook to remain a complimentary service is its ability to sell targeted advertising campaigns to businesses based on information collected about users’ preferences and habits.

After discharge: What to expect when exiting Chapter 11

While in the midst of a Chapter 11 bankruptcy your primary focus should be on properly restructuring the business in order to reemerge as a profitable enterprise. The confirmation and acceptance of the reorganization plan may seem like the hard work is done and the end is in sight, but until a final decree is issued the bankruptcy case is ongoing.

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.

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