Weintraub & Selth, A Professional Corporation
Call Today 310-584-7702

chapter 11 bankruptcy Archives

Popular restaurant files Chapter 11 after rapid expansion

The business world is full of adages that encourage risk-taking (“nothing ventured, nothing gained”) and seizing opportunity (“strike while the iron is hot”). But this advice, while well-intentioned, needs to be tempered by appropriate caution. Even when a business is a booming success and continued growth seems inevitable, fortunes can change quickly.

Watch out for wasted spending as a small business owner

There are all kinds of expenses that can come up in connection to running a business. Some of these costs are needed to put a company in a strong position to compete and succeed. However, some are unnecessary and end up bringing little benefit to a company.

How the Small Business Reorganization Act could change bankruptcy

This spring, Congress reintroduced a bill that would provide small businesses with greater opportunities to benefit from Chapter 11 bankruptcy. The Small Business Reorganization Act (SBRA), if passed, will add a Subchapter V to the United States Bankruptcy Code. New provisions propose giving businesses with less than $2,566,050 in liabilities a more streamlined method of debt relief.

Keep relationships strong during Chapter 11 reorganization

Too many people think of bankruptcy as the end of the road for a small business – but it doesn’t have to be. Filing for Chapter 11 reorganization bankruptcy allows you to restructure business debt, satisfy creditors and get your company back on track. If all goes well, the business survives and even comes out stronger than before.

Chapter 11 helps businesses remain open

Chapter 11 bankruptcy can prove beneficial to businesses, individuals and the community. Without the ability to file a Chapter 11 bankruptcy, owners may not be able to sell their business, employees may lose their jobs, and contractual obligations may remain unfulfilled.

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.

Weintraub, Selth & Nguyen, APC | 11766 Wilshire Blvd., Suite 1170 | Los Angeles, CA 90025 | Phone: 310-584-7702   | Map & Directions