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The nation has seen some tough economic times over the last few years, and many businesses are still in financial distress. Business bankruptcy filings rose almost 30% in one year alone. While filing for Chapter 11 may feel daunting, the process can help struggling...
Every business owner hopes to achieve some financial stability by doing something they enjoy. Running a business isn’t easy and owners may become overwhelmed by financial obligations. Owners may need to file for bankruptcy if they are not profitable. There are many...
If you are an entrepreneur, you probably understand that financial hardship can hit your business at any time. An ex-employee can sue you for wrongful dismissal and win a significant amount of money in damages. Or, your business can bear the brunt of an economic...
Filing for bankruptcy is a stressful and difficult process, but it could be the only viable solution to getting your company’ back on track. Filing for Chapter 11 bankruptcy allows you to restructure your finances while keeping the doors to your business open. Before...
Chapter 11, or reorganization bankruptcy, usually applies to businesses seeking to relieve debts but wishing to continue operations. This process involves preparing and implementing a reorganization plan approved by the court. Under this bankruptcy type, the court...
Chapter 11 allows bankrupt businesses to reorganize in order to resume financial stability under the court’s supervision. The process includes submitting a list of assets and debts owed to creditors, called the Schedule of Assets and Liabilities. Creditors whose...
Chapter 11 bankruptcy is commonly called “reorganization bankruptcy” because struggling businesses use it to continue operating while gradually paying creditors. If your business is in debt, filing for Chapter 11 may be an option worth considering. However, while it...
Business owners may struggle when it comes to their finances. If these complications persist long enough, they may need to file for Chapter 11 bankruptcy. There are many things to learn beforehand so you don't get caught off guard. Creditors will be kept from taking...
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...
