Helping With Your Financial Future
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...
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...
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...
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...
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...
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...
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...
Not all business endeavors perform as well as expected, and some companies may run heavily into debt. Insolvency does not necessarily mean things turn catastrophic, as Chapter 11 bankruptcy could provide a solution. Under Chapter 11, a corporation may seek...
When your business in California is facing bankruptcy, you will need to find ways to finance your restructuring. One option that most people consider is debtor in possession, or DIP, financing. What should you know about DIP financing? Debtor in possession financing...
Getting your finances back on track after filing for bankruptcy in California is possible, but it may take a while. Here is how you can refinance to qualify for a mortgage or home loan and also improve your financial situation. Rebuild your credit score It may be...