Corporate Bankruptcy & Restructuring

The Coronavirus Aid, Relief, and Economic Security (CARES) Act included an array of provisions to help the country get through the pandemic. One of which that helped small businesses continue operations was an extension of the debt limit under Subchapter V of Chapter...

Using bankruptcy to help restructure a business can provide an opportunity to make it through financially tough times and start fresh. Business owners who are considering this option likely have a lot of questions. One common set of questions revolves around the...

Those who take a cursory look at the data may think businesses did pretty well through 2021. Major news outlets like Bloomberg Business report large business bankruptcies, or those involving companies that have $50 million or more in liabilities, dropped almost in...

Troubled small business owners often do not have the financial resources to file for relief under Chapter 11 of the Bankruptcy Code and confirm a plan of reorganization.  Chapter 11 is designed to assist troubled companies reorganize their debt, allowing for a fresh...

The term bankruptcy likely brings to mind pictures of closed, dusty, vacant buildings. Depending on the type of bankruptcy and the business’ owners goals the reality can be much different. Retail giant JCPenney is set to provide an example of what a successfully...

It is not uncommon for bankruptcy litigation to end in a settlement. In other legal matters both parties will generally agree to a proposed settlement before presenting it to the court, but this is not always the case for a settlement in bankruptcy. Instead, with...

Private equity firms have taken to a wide market, purchasing everything from doctor’s offices to pet stores. Entrepreneurs who run these firms profit by purchasing a business only to turn around and sell it at a higher rate a few years later. Business leaders who go...

The Small Business Reorganization Act of 2019 created a new subchapter within the Chapter 11 bankruptcy process. Subchapter V is designed to streamline the process for small businesses seeking the protections of Chapter 11. Signed into law in 2018 and going into...

Business owners struggling with insolvency may wish to avoid bankruptcy. Although bankruptcy can provide a fresh financial start through a sale, liquidation or restructuring, it is not the right option for every business.  In some cases, one of these other...

In its most basic form, a Chapter 11 bankruptcy petition allows a business to restructure its debt. This can result in a greater cash flow and help the business regroup, ultimately putting it into a situation where it can move forward instead of remaining stagnant and...