How to Know If Your Business Is Bankrupt
There are a few ways to tell if your company is going to crash (low revenue and high costs are one). While these might be overwhelming, bankruptcy is an option for many businesses that can serve as a light at the end of the tunnel. While things have been hard, you are far from out…
Can a Business Survive Chapter 11?
Can a Business Survive Chapter 11? As a struggling business owner, you want to keep your doors open, preserve your legacy, and save the jobs of those who are dedicated to your company. So, when you start considering bankruptcy to get out from your business debts, you may wonder if your business will survive the…
Tips for Planning Your Chapter 11 Reorganization
Planning Your Chapter 11 Reorganization? Chapter 11 bankruptcy is the ideal solution if you want to keep your assets but get relief from creditors. The most important aspect of filing for Chapter 11 is your reorganization plan. The court requires your reorganization plan and must approve it before you proceed with Chapter 11. In its…