Owning and operating a business presents many challenges. Business owners in Maryland typically want to keep up with competitors, prompting a need for additional revenue. Making the decision to expand operations to new locations could result in major profits, but...
Chapter 11
Hostess reorganization is a sweet success
It was a dark day for many lovers of delicious snack cakes when Hostess filed for Chapter 11 bankruptcy last year. It was not only Doomsday preppers who rushed to stockpile the iconic desserts. The pain of many in Maryland was felt as people posted over social media...
Maryland taxis begin reorganization to compete with ride-shares
Recent innovations have given birth to an industry that combines an old service with new technology. Ride sharing allows people to use their own vehicles to earn money providing rides for others by way of a Smartphone app. While ride-sharing companies are wildly...
Reorganization of debts under Chapter 11 bankruptcy
In order to benefit from the protections provided by Chapter 11 bankruptcy, one must file a petition with the appropriate bankruptcy court. This type of bankruptcy allows for the reorganization of debts, which can provide the petitioner with a way to halt collections...
We can assist businesses in Chapter 11 bankruptcy
Bankruptcy can be an intimidating prospect, both for an individual and for a business. Fortunately, we have experience helping both people and businesses navigate the complexities of the bankruptcy process and find solutions to their unique concerns. We are dedicated...
Reorganization in Chapter 11 bankruptcy: Is it the best option?
There are many reasons why individuals and businesses may find themselves facing insurmountable debt burdens that they cannot pay off. When these difficult financial situations arise, Chapter 11 bankruptcy may be a viable option. Under this Bankruptcy Code option,...
Bankruptcy for individuals can become complicated
No two Maryland families who seek bankruptcy protection will have the exact same set of needs. Each case is unique and is the result of the particular circumstances of the individual or individuals who are seeking debt relief. In many cases, bankruptcy for individuals...
No shame for Maryland businesses in Chapter 11
Filing for bankruptcy is never a joyous occasion, but business owners should avoid thinking of the matter as an indication of failure. In fact, research conducted by the U.S. Small Business Association revealed that many businesses with fewer than 500 employees...
Rapper 50 Cent in pursuit of financial reorganization
Many Maryland fans of rapper 50 Cent were surprised to learn that the highly successful musician has filed for bankruptcy protection. The move came at the same time that a jury was set to discuss punitive measures in an unrelated legal matter. While 50 Cent, whose...
Trump businesses in Chapter 11 for the fourth time
Many Maryland readers have taken the short road trip to Atlantic City. For decades, the area was one of the few places where legal gambling was available, and the casinos along the boardwalk drew many thousands of visitors each year. Now, Trump Casinos joins other...