When an individual chooses to buy a business in Maryland or elsewhere, he or she may also take responsibility for its debts in the process. In some cases, a new owner might be able to restructure finances and achieve success, while in others, further assistance may be...
Chapter 11
Home health care company pursuing relief through reorganization
When small business owners in Maryland and across the country begin to experience financial hardships, they might have concerns regarding the future of their companies. Should these issues persist, some could have trouble keeping up with monetary obligations,...
Financial hardships leave toy company in need of reorganization
When a business is one of the frontrunners in its respective field, the level of success achieved can be substantial. However, as the number of competitors increases, some companies in Maryland and elsewhere could begin to fall behind, which can lead to financial...
Produce company regains success through financial reorganization
As businesses in Maryland and elsewhere reach a certain level of success, some may choose to branch out and take on new endeavors. While these exciting new prospects could lead to a substantial increase in profits, there may also be a certain level of risk involved....
Regional airline seeks protection during financial reorganization
When businesses in Maryland and across the country choose to expand operations, the prospect of new ventures can be exciting, but also intimidating. A similar process could require a significant investment, perhaps with little to no guarantee of success. Should these...
Famous French bistro in need of financial reorganization
Many businesses in Maryland and elsewhere have fallen on hard times at some point in operation. Financial struggles can come in numerous forms, each of which could threaten the longevity of a business. A famous French bistro in another state has recently filed for...
Store proposes additional closures in plan for reorganization
Companies in Maryland and across the country often open stores in various locations in an attempt to maximize sales. However, this can also be risky, especially since it is often difficult to predict how well a store will do in a new location. If a company begins to...
Reorganization of finances can allow businesses to regain control
When a person or entity buys or takes over a business, the deal may also include various amounts of pre-existing debt. Business owners in Maryland and across the country may believe they are able to achieve success eventually, but in the meantime, financial...
Popular restaurant in need of financial reorganization
Many businesses have faced periods of highs and lows throughout years of operation. With business models changing on a daily basis, owners in Maryland are often required to form new plans to adapt accordingly. In some cases, low periods can be challenging to overcome,...
Online shops spur a need for reorganization in other businesses
Many different business models experience change over a given period of time. When shopping malls came into popularity, many other businesses began to struggle to compete, with consumers flocking to these new areas. In recent years, many companies have made products...