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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...
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...
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....
After slow holiday sales and lower-than-expected sales during the third quarter of 2022, Bed, Bath & Beyond (BB&B) has closed an additional 130 locations after closing some earlier in 2022. Struggling with their creditors and being able to get more products...
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...
An Idaho business might suffer financial losses that put it heavily into debt. Such troubles may also befall individuals, and both persons and enterprises might seek protection from creditors under federal bankruptcy laws. The debtor must work with a trustee when...
Chapter 11 bankruptcy in Indiana can be an intimidating process. It involves a large restructuring for the business and it may not result in a viable company once the creditors are satisfied with the arrangement. Restructuring out of court can reach some of the same...
