In the ever-evolving business world, companies often face financial challenges that threaten their existence. One powerful tool that can help a struggling business stay afloat is Chapter 11 bankruptcy. Also known as business reorganization bankruptcy, this debt relief...
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Chapter 11 Bankruptcy
The facts about a Chapter 11 bankruptcy
Suppose your California business struggles to stay afloat, and creditors call you daily, demanding payment. In this case, a Chapter 11 bankruptcy might provide the means to regain financial stability and stop the harassment. Keep reading to learn the basic facts about...
Is Chapter 11 right for you?
While Chapter 11 bankruptcy is typically used by companies looking to reorganize their debt, it can be used by individuals as well. It is often used by California residents who exceed the secured and unsecured debt limits associated with Chapter 13. Chapter 13 debt...
How did Bed Bath & Beyond wind up in bankruptcy?
The well-known retailer Bed Bath & Beyond filed for bankruptcy protection on April 23, 2023, after years of significant financial challenges. The company attempted to raise funds several times to save itself, but its efforts needed to be increased to offset the...
Making the choice to file for bankruptcy
California consumers who are struggling with debt might wonder when it is time to consider filing for bankruptcy. Some people may feel as though this is an outcome to be avoided at all costs, but this is not the case. There are situations in which filing for...
What should you know about Chapter 11 Bankruptcy in California?
If a business cannot pay its debts, it may file for Chapter 11 bankruptcy. The ultimate goal of this type of bankruptcy involves reorganizing debts to make paying creditors feasible. Chapter 11 eligibility Primarily, businesses file for Chapter 11 bankruptcy. These...
How does Chapter 11 impact stocks?
For many business owners, Chapter 11 bankruptcy is the preferable option when encountering financial or operational difficulties. In contrast with Chapter 7, Chapter 11 allows a business to regain its footing after a reorganization process. In Chapter 7, a company...
Chapter 7 vs. Chapter 11 bankruptcy
When a financial situation becomes untenable, Companies struggling under the weight of massive debt may explore bankruptcy. Would-be California filers may discover there are different categories of business bankruptcy. Chapter 7 and Chapter 11 reflect the two...
Can you file for bankruptcy more than once?
Filing for bankruptcy may be an effective way to eliminate or reorganize debts without losing property such as a California home. There is no limit to the number of times that you can file for protection from creditors. However, you may be subject to a waiting period...
Filing for bankruptcy after being scammed
If you have been the victim of a financial scam, you may be entitled to file for bankruptcy in a California court. The type of protection that you seek will largely depend on your income, if you own property or if you have the ability to repay your debts over a period...