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chapter 11 bankruptcy Archives

New Chapter 11 process for small businesses proposed

Chapter 11 bankruptcy can provide an important route forward for businesses that are struggling with debt. However, companies can encounter challenges when it comes to pursuing this route. Some argue that this may especially be the case for small businesses.

How do I know if Chapter 11 is right for me?

Your business has been struggling, and you now have debt that seems insurmountable. You have considered filing Chapter 11 bankruptcy, but you do not know if it is the right choice for you. Bankruptcy is a very useful tool for individuals and businesses that wish to discharge their debts and start over with a clean slate. If you are wondering whether to file Chapter 11, these are a few ways to determine whether this option is right for you.

Bankruptcy may be the right choice, but what bankruptcy?

No business owner wants to admit that bankruptcy is the best way to resolve unmanageable debt, but for many, that decision ultimately must be made. That creates another decision: what bankruptcy is best for your small business?

Out Of Court Reorganziation

I just finished helping a Southern California business wind down its affairs and resolve matters with its creditors without a bankruptcy filing.  The creditors did far better than they would have in a bankruptcy.  We created a soft landing for the business, its owners and its creditors.  Did so using a technique I created and have used multiple times with great success.  If your business is having financial challenges, hiring an  experienced and creative debt restructing lawyer can make all the difference in the world and save you many sleepless nights.

Mixing personal and business assets: Signs of financial stress

Starting a new business is hard and it's nervewracking. While you didn't plan to fail, you also didn't fail to plan. As a sole owner, you no-doubt looked into the various start-up options to determine which tax entity would offer you protection from personal tax liabilities, as well as asset protection in the event of bankruptcy.

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