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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...
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...
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....
While many Idaho businesses are concerned about the current economic uncertainty and how it might impact their operations, recent data about large corporate business bankruptcy filings in 2022 shows a downward trend. Corporate bankruptcy filings in the first half of...
Filing for Chapter 11 bankruptcy in Idaho can save your company from certain financial distress. It is a restructuring process that allows the business to keep operating while it reorganizes its debt and reaches agreements with creditors. However, this process can...
Businesses in Idaho and around the country that are struggling to pay creditors may reorganize their debts or liquidate assets to resolve the situation. When selling assets presents the best course, a debtor may prefer a 363 sale. Named after U.S. Bankruptcy Code...
Idaho nonprofits struggling with unmanageable debts might worry that they will be forced to close if they file for bankruptcy protection. Fortunately, however, both nonprofit and for-profit businesses can continue operating their companies even after filing for...
Idaho residents struggling with excessive financial obligations might look for solutions, and advertisements for debt settlement offers may seem appealing. Debt settlement and potential problems Debt settlement refers to a negotiated strategy to pay a portion of the...
