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chapter 11 bankruptcy Archives

Domestic Payless stores closing as part of bankruptcy

People in Rockville may often be shocked to hear the news that a certain person or company has filed for bankruptcy, believing that certain individuals and businesses either are so successful or have such a strong market presence that facing financial struggles might seem an impossibility. Yet such news should serve as a stark reminder that no person or organization is immune from experiencing monetary difficulties. Such difficulties may be due to struggles to adapt to new challenges, or unforeseen circumstances that place people or companies in a disadvantageous position. 

Rural hospital hopes Chapter 11 will lead to better future

When businesses in Rockville are forced into bankruptcy, it is rarely due to one single reason. Rather, a unique (and unanticipated) confluence of factors contributes to it experiencing financial struggles. Oftentimes alternative revenue streams may be available to offset major losses, but when a company specializes in a single service, finding other sources of funds can be difficult. Ultimately, bankruptcy might be the only option if a struggling company wants to stay in business. 

Bankruptcy can provide a second chance for small businesses

If you are a Maryland small business owner struggling to stay afloat, you may be searching for options to keep your company open. Depending on your specific situation, bankruptcy may provide the breathing room you need. At The Law Offices of Richard B. Rosenblatt, PC, we frequently assist clients in finding the best resolution to their debt problems and help them get back on track.

Filing a Chapter 11 petition for the first time

Filing a bankruptcy petition can be tough for anyone, but some people face an especially difficult time when it comes to the bankruptcy process. For example, those who have complex financial circumstances may be unsure of which route to take or how bankruptcy will affect their finances. This is often especially true for someone who has never filed for bankruptcy before. If you are planning on going through bankruptcy for the first time, it is pivotal to be fully prepared.

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