Whether you work in the healthcare field, have a personal interest in Johnson & Johnson or know someone involved in a class-action lawsuit related to the company known for providing safe baby products, you may be interested in further developments related to allegations of Johnson & Johnson’s baby powder causing cancer. Facing more than 14,000 claims, Johnson & Johnson’s talc supplier, Imerys Talc America Inc., has filed Chapter 11 bankruptcy.
When a business is facing overwhelming debt and other major financial issues, a big decision comes before the owner. This is the decision of whether to try to keep the company up and running or bring the business to an end.
There are many things that can lead to companies taking on significant debt. Sometimes, small businesses run into struggles keeping current with the payments on the loans they have taken out. When this occurs, there are a range of strategies small business owners could pursue to try to lower their payments and stabilize their debt situation.