Category Archives: Chapter 11 Bankruptcy
10 Common Roadblocks in Chapter 11 Bankruptcy Cases
While most Chapter 11 bankruptcy filings go smoothly, it is possible for a variety of issues to arise along the way. Overcoming these issues costs time and money, and thus it is generally best to avoid them if possible. Hiring experienced business bankruptcy counsel can mitigate the risk of issues getting in the way… Read More »
10 Common Misconceptions about Filing for Business Bankruptcy Under Chapter 11
There are lots of misconceptions about bankruptcy. While some people assume that businesses that file are on the brink of failure, others assume that filing for bankruptcy is simply a way for large companies to get away with not paying their debts. But, the reality is that, for most businesses, filing for bankruptcy is… Read More »
Answers to Frequently Asked Questions (FAQs) about Chapter 11 Bankruptcy
Filing for Chapter 11 bankruptcy is a viable solution for many businesses that are struggling to pay their debts as they come due. Unlike filing for Chapter 7 bankruptcy, which typically results in liquidation, filing under Chapter 11 allows businesses to continue operating under a “reorganized” debt structure. If you are considering a Chapter… Read More »
Should You File for a “Small Business” Bankruptcy Under Chapter 11?
Enacted in 2019, the federal Small Business Reorganization Act (SMRA) established special procedures for small businesses seeking to reorganize their debts under Chapter 11 of the U.S. Bankruptcy Code. As explained in Business Law Today shortly after the SBRA’s enactment, “the act lowers costs and streamlines the plan confirmation process to better enable small… Read More »
Significant Assets and/or Debts? Why Chapter 11 Bankruptcy May Be Best
Most business owners and entrepreneurs have two primary options when it comes to filing for bankruptcy: They can file under Chapter 7, or they can file under Chapter 11. But choosing between Chapter 7 and Chapter 11 is not simply a matter of picking one and moving forward. Each option offers different benefits and… Read More »