Blog Category: Chapter 11


Chapter 11 Bankruptcy for Small Businesses

Chapter 11 Bankruptcy for Small Businesses

Small businesses can sometimes accumulate a crippling amount of debt in the course of normal business operations, and a bankruptcy can assist a small business owner by restructuring your debt to continue operating, eliminate personal liability for business debts, and/or to liquidate the company’s assets. The type of bankruptcy you choose, will be based on  … Read more

  Filed under: Chapter 11


Understanding Chapter 11 Bankruptcy

Understanding Chapter 11 Bankruptcy

The Title 11 chapter in the United States Bankruptcy Code, the Chapter 11 bankruptcy typically involves the reorganization of businesses that are burdened under massive debts. While extremely rare, chapter 11 is usually filed by corporations that require sufficient time to restructure and get rid of their debts. In other words, it allows the debtor  … Read more

  Filed under: Chapter 11


Business Bankruptcy Primary Causes

Business Bankruptcy Primary Causes

All business enterprises need to establish a strong sales cycle and generate revenue to survive and thrive in the market. However, there are times when companies are not very profitable. They may eve end up being trapped on the edge of bankruptcy. Sometimes, this prompts the owner to either withdraw from the market or reorganize  … Read more

  Filed under: Chapter 11


Business Debt Relief

Business Debt Relief

So your business is facing, or is already in serious financial trouble, you need to consider a few avenues of business debt relief. While debt is not all bad, there is a specific sweet spot within which your debt will keep your business productive. Once you breach this point, you risk going into a downward  … Read more

  Filed under: Chapter 11


Business Debt Problems

Business Debt Problems

Dealing with business debt problems is one of the biggest skills a manager or leader can have. For small businesses, there will be only one person handling finance, so debt problems are a big deal. A business may have to shut down if they are not able to handle the burden of debt. Business Debt  … Read more

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What Is An Involuntary Business Bankruptcy ?

What Is An Involuntary Business Bankruptcy ?

The term “bankruptcy” is often met with enough fear, and adding the word “involuntary” makes it almost seem like it is forced. What is an involuntary business bankruptcy, you may ask? In a sense, it is business that is forced into filing bankruptcy; but, that doesn’t always mean a bad thing. In fact, filing for  … Read more

  Filed under: Chapter 11


Business Debt In Chapter 11

Business Debt In Chapter 11

As the holiday season approaches many people worry about their holiday shopping budget, but for many small business owners the season could be the difference between going out of business or staying on track for a stronger financial year in 2017. However, there are still many companies out there facing growing debt burdens and shrinking  … Read more

  Filed under: Chapter 11


Will a business bankruptcy hurt my credit score?

Will a business bankruptcy hurt my credit score?

When your business is unprofitable, it may be time to look at filing a business bankruptcy. Will a business bankruptcy hurt my credit score is a common question. The answer largely depends on the type of business you own (LLC, Partnership, sole proprietorship, etc.), if you personally guaranteed the loans, and what type of taxes the  … Read more

  Filed under: Chapter 11


Do Taxpayers Pay for Bankruptcies?

Do Taxpayers Pay for Bankruptcies?

While Chapter 7 and Chapter 13 bankruptcies are most certainly not the taxpayer’s responsibilities, what about the large, international companies that go bankruptcy under Chapter 11 bankruptcy law? Do taxpayers pay for bankruptcies in this category? This is a legitimate question in the wake of the massive bankruptcies that have taken place over the past  … Read more

  Filed under: Chapter 11


Why Companies Go Bankrupt

Why Companies Go Bankrupt

Chapter 11 bankruptcies are a form of bankruptcy specifically reserved for high net worth individuals and companies. In a Chapter 11, the corporation or partnership is allowed to present a plan of reorganization that allows the company to stay up and running while modifying the payment to creditors. Just about daily, a company somewhere in  … Read more

  Filed under: Chapter 11