Questions Small Business Owners Should Ask Before Filing for Bankruptcy
Admin on June 30, 2020 Posted in Blog, General BankruptcyNo business owner wants to file for bankruptcy. If you have to engage in this process, however, there are some critical pieces of information that you should know. Understand that in the right cases, bankruptcy can be invaluable. An experienced business bankruptcy lawyer can help you determine whether bankruptcy is the best option for your […]
Terminating Commercial Leases and Bankruptcy: What You Need to Know
Admin on June 15, 2020 Posted in Blog, Chapter 13 BankruptcyBusiness owners have a lot to juggle, even in bankruptcy. If you are a business owner who rents business space and recently filed for bankruptcy, you are likely curious about how bankruptcy will impact your commercial lease. There are several critical issues to consider in this situation, and how your lease will be impacted depends […]
A Quick Guide to the Small Business Reorganization Act
Admin on May 15, 2020 Posted in Articles, BlogSince amendments were made to the Bankruptcy Code in 2005, small business owners have struggled with how to effectively organize their debts under Chapter 11 of the Bankruptcy Code. In August 2019, however, President Trump signed the Small Business Reorganization Act of 2019, which was designed to help small business bankruptcies proceed more quickly and […]
Wasting Assets
Admin on January 10, 2019 Posted in Bankruptcy Law, BlogWhen a business faces bankruptcy, questions arise regarding how to handle wasting assets. In general, a business may operate per its regular course of business while being overseen by a Bankruptcy Court. That is to say, a business generally need not motion the Court to approve an action when that action fits in the parameters […]
Chapter 11 Negotiation
Admin on January 5, 2019 Posted in Bankruptcy Law, BlogChapter 11 bankruptcy is a negotiation. As a result, it is imperative to consider strategies that keep your business alive during and after bankruptcy. Languishing in negotiation for a prolonged period of time can result in the liquidation, not reorganization, of a business. Chapter 11 Discharge In general, the goal of a bankruptcy is to […]