The Small Business Reorganization Act created Subchapter V, which allows smaller companies to file for bankruptcy without liquidating their assets. Your business may file a petition if you reasonably anticipate remaining open while reorganizing your liabilities....
Chapter 11
New Reorganization Bankruptcy Option for Small Business Debtors
There is a brand new streamline Chapter 11 case for a small business debtor reorganization case. Subchapter V of Chapter 11 allows a streamline approach for business reorganizations that is a hybrid between an individual Chapter 13 case and a more involved Chapter 11...
Should you file Chapter 7 or Chapter 11 bankruptcy?
If your business is having trouble paying bills and making a profit, you may be considering bankruptcy in Rockville, Maryland. You may have heard of Chapter 7 and Chapter 11 bankruptcy but do not understand how these options differ. The differences are important...
Reorganization: Addressing financial concerns in a small business
For small business owners in Maryland and across the nation, the success of their companies could have a significant impact on their lives. Periods of financial struggle can be challenging for owners, and if these issues persist, the future of an enterprise could be...
Nine West files petition for reorganization through bankruptcy
Many companies in Maryland and elsewhere may attempt to provide consumers access to a variety of product brands, some of which could prove less profitable than others. When a business begins to experience significant financial issues, it may seek to regain financial...
Claire’s Stores plans to seek reorganization through bankruptcy
The recent advent of online shopping has forced a multitude of businesses to experience a significant drop in consumer traffic in brick and mortar stores. This has left many businesses in Maryland struggling to keep up with the competition, and the financial...
Reorganization: Potential concerns re business credit cards
Many small business owners in Maryland and elsewhere have applied for business-related credit accounts for financial assistance. A small business credit card could prove useful under a variety of circumstances, and such accounts may even offer a variety of perks and...
Reorganization: Dealing with debts as a small business owner
For small business owners in Maryland and elsewhere, the success of their company can have a substantial impact on their lives. During periods of profit, an owner may feel as though the sky is the limit and may even seek to expand operations and increase productivity....
Reorganization: When is the right time to pursue debt relief?
With an ever-changing business model and constant increases in competition, many retail companies in Maryland and elsewhere have begun to experience financial struggles. When these issues arise, companies may wish to protect the longevity of their enterprises by...
Communications company emerges from financial reorganization
Many companies in Maryland and elsewhere have experienced financial struggles at some point in operation. These hardships could threaten the overall health of a business, and should they persist, the owner might find it advisable to consider exploring the benefits of...