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October 2015 Archives

What is there to consider before a business bankruptcy? - Part II

In Part I of this two-part series, we began to take a look at some of the important factors that need to be considered before a business bankruptcy is filed. Here, in Part II, we will continue to examine some of the important questions business leaders need to ask themselves before deciding to go through with a bankruptcy filing.

What is there to consider before a business bankruptcy? - Part I

Any company that begins to seriously consider the prospect of filing a business bankruptcy will likely encounter one undeniable truth: there are a wide variety of factors to consider before actually taking the plunge. With both Chapter 7 and Chapter 11 bankruptcy as potential options for companies that are experiencing significant financial problems, the decisions that will need to be made could alter the course of history for any given company. Here, in Part I of a two-part series, we will begin to take a look at some of the factors that companies need to consider before deciding whether to pursue a business bankruptcy filing.

Working through credit card debt with a bankruptcy filing

Many of our Escondido readers probably get several credit card statements each month, some with upwards of seven or eight different credit cards. And, anyone with even a halfway decent credit score will likely receive five or six different offers for even more credit cards in the mail every month. Credit cards can be useful financial tools, but they can also lead to some serious financial challenges if they are relied upon too much.

Making a choice when it comes to bankruptcy exemptions

Most of our Escondido readers know by now that there are quite a few steps to take to get through the bankruptcy process successfully. In some cases, the filings are not all that complex, but nonetheless each step that the court outlines must be completed in a correct and timely manner. There are decisions to make along the way as well, and one decision that a person who files for bankruptcy in California will need to make is which set of bankruptcy exemptions to choose.

Future remains uncertain for Relativity Media in bankruptcy

Many of our readers may remember a previous post here that detailed the Chapter 11 bankruptcy filing by Relativity Media, a movie studio based in California. At the time of the bankruptcy filing, there was a lot of uncertainty as to whether Relativity Media would be able to continue running their operations, or if the company would be bought by outside bidders. Now, it appears there may be a little bit more clarity.