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Chapter 11 Archives

What is the difference between secured debt and unsecured debt?

It is only natural for Escondido residents who are contemplating a bankruptcy filing to have quite a few questions about the process. After all, it is common knowledge that filing for bankruptcy is one of the most significant financial moves an individual or business will make, so it makes sense that every question should be answered before the filing proceeds. One of the most common questions is, "What is the difference between secured debt and unsecured debt?"

Business bankruptcy for women's clothing chain

It is no secret that the American economy has gone through some trials and tribulations over the last several years. The economic recession was one thing, but with the proliferation of Internet use for shopping and other changing consumer trends, many business owners may find it hard to predict where the next profitable path forward may be. And, in some instances, changing economic trends and conditions can leave some companies with no other choice but to pursue a bankruptcy filing.

California restaurant chain files for business bankruptcy

Some of our Escondido readers may be familiar with the restaurant known as Elephant Bar, a popular California-based chain that specializes in internationally inspired dishes. But, fans may have a harder time finding a location where the restaurant is still in operation these days, after the company that runs the restaurant filed for Chapter 11 bankruptcy on June 16 and closed 16 locations.

California grocery chain ready to emerge from business bankruptcy

Many of our Escondido readers probably like to hear success stories, and the recent emergence from Chapter 11 bankruptcy for one California company definitely qualifies. The company, a popular Mexican grocery store chain called "Mi Pueblo," was founded in 1991 and has several stores in a few different locations in California. Last year, however, even despite the rising popularity and demand for Mexican food items, the company hit a low point.

Production company surprises employees with Chapter 11 filing

California is home to Hollywood, and as such our state probably has more companies involved in the production of movies and television shows than any other. However, even those companies that have experienced relative success in the past may not always be able to keep the profits churning, and that appears to be the case for one company that has locations in both Santa Monica and Hollywood.

Textbook company finishes up business bankruptcy process

Many companies that file for business bankruptcy may not get to experience what it is like to come out the other side of the process in better financial shape than they went in. If a business owner chooses to pursue a Chapter 7 bankruptcy, that will usually mean that the company plans to close down after any and all assets are sold off to satisfy debts. However, when a company goes through a Chapter 11 bankruptcy filing, many times the company is able to emerge once the process is completed and carry on with business.

Video services company filing for Chapter 11 bankruptcy

Many businesses, including some in Escondido, have regular contact with governmental regulatory agencies. While this is a concern that is larger for some more than others, any kind of regulation that specifies how certain aspects of a business need to operate are an important factor to consider in the cost of doing business. It appears that for one company in a Western state in particular, government regulations may have played a significant role in the company's recent Chapter 11 bankruptcy filing.

Hospital pursues business bankruptcy

Many people view hospitals as more public service than businesses dedicated to generating a profit. However, the reality is that many hospitals are indeed focused on profits, although of course most recognize that the path toward profitability is offering the best medical care possible. But, the perception of hospitals as a public service remains, and that can make it a shock when a hospital decides to pursue a bankruptcy filing.

California music festival company files for Chapter 11

Some of our Escondido readers may remember BottleRock 2013, a music festival held at the Napa Expo in May of last year that spanned five days. Some of our readers may have even made the trip north to attend the event. Unfortunately, the event caused quite a bit of financial distress for the company that produced it, BR Festivals LLC. As a result, the company recently filed for Chapter 11 bankruptcy.

Building up to a Chapter 11 bankruptcy filing

With America's current stagnant economic situation it seems like businesses can face a financial crisis at almost any given point in time. It has been several years since the nation's economy has been in a healthy state, and, unfortunately, there doesn't appear to be a full recovery on the horizon any time soon. As a result, businesses are being put in a position where all options need to be on the table to address financial issues. For some, that can even include a Chapter 11 bankruptcy filing.