Businesses go through bankruptcy for many different reasons. This doesn’t always mean that they have to close. For instance, a business owner could use Chapter 11 bankruptcy to reorganize their debt, allowing the business to remain open. Moreover, the reason for the...
Helping With Your Financial Future
Chapter 11 Bankruptcy
What does subchapter 5 of chapter 11 mean for California businesses?
California business owners can file Chapter 7 or Chapter 11 bankruptcy. Chapter 7 is for businesses that are unable to recover from their financial problems and need to close up shop. Chapter 11 is for operations that can remain in business if their creditors allow...
Is Chapter 7 or Chapter 11 right for your business?
Times are tough, and a lot of small or medium-sized businesses find themselves facing an uncertain financial future. When that happens, it's only natural to think about the potential options, including bankruptcy. Chapter 7 and Chapter 11 are two different chapters of...
3 ways Chapter 11 bankruptcy can keep your business alive
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...
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...