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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...
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...
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...
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...
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...
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...
Small businesses troubled by debt may soon become insolvent. Bankruptcy protections might be an Idaho owner's best path forward. Two options are Chapter 7 and Chapter 11, and one might be preferable or accessible. The Chapter 7 option Chapter 7 bankruptcy refers to...
Business bankruptcy is a process that allows businesses to reorganize or liquidate their assets to pay off creditors. This type of bankruptcy is different from consumer bankruptcy, which is filed by individuals who cannot repay their debts. There are many reasons why...
