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Businesses in Idaho and around the country file Chapter 11 bankruptcies when they become financially insolvent and need time to reorganize. Companies that seek Chapter 11 bankruptcy protection are able to continue trading, but they are protected against debt-related...
In Idaho, adjustment bonds play a crucial role in corporate debt restructuring. These bonds provide corporations with a strategy to restructure a heavy debt burden during financial distress when they may not have the cash flow to cover their existing debt payments. By...
Thousands of businesses operate in Idaho, and each year a number of them file for bankruptcy. At its core, bankruptcy is the result of a business being unable to resolve or maintain its financial obligations, including debts and standard operating costs. Business and...
David’s Bridal operates two retail stores in Idaho and has almost 300 locations around the country, but the last few years have not been kind to the 70-year-old company. David’s Bridal emerged from a Chapter 11 bankruptcy in 2018 leaner and more competitive, but...
Idaho residents who follow the technology sector may be aware that British billionaire Sir Richard Branson’s Virgin Orbit entered the lucrative satellite launch business in 2017. Virgin Orbit used a repurposed Boeing 747 to successfully launch 33 satellites, but the...
The last few years have not been kind to brick-and-mortar retailers in Maryland and around the country. Traditional retailing has been struggling to cope with the growing popularity of online shopping for more than a decade, and a wave of high-profile business...
In Idaho and other states, investing in the stock of public companies can provide wealth-building opportunities and financial goal achievement. However, buying stock comes with a degree of risk, including the chance that a company could go bankrupt. Bankruptcy can...
Business bankruptcy allows a business to either reorganize its debts or liquidate its assets to pay off creditors. Idaho businesses can use three types of business bankruptcy, each with unique features and requirements. Chapter 7 bankruptcy Chapter 7 bankruptcy is...
Chapter 11 bankruptcy is often an alternative for Idaho companies that want to reorganize their debts without having to close. It may also be used for individuals who have too much debt to qualify for Chapter 13 protection. While filing for Chapter 11 protection may...
Thousands of Idaho residents sleep soundly at night on mattresses and beds made by Serta Simmons. The Georgia-based Simmons Bedding Company opened its doors in 1870 and merged with Serta in 2010, but it has faced a confluence of financial challenges in recent years....
