When many in Kentucky think about filing for bankruptcy protection, they generally assume that a company must immediately cease operations. However, this is not always the case. A large hotel chain recently filed for Chapter 11 bankruptcy, and the judge presiding over...
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Month: June 2016
School systems around the country may consider debt relief
With tightening budgets and difficulty getting funding for important programs, there are school systems which may seek financial assistance by filing bankruptcy proceedings. School systems and other government agencies are still ultimately businesses, which need to...
Gawker files for Chapter 11 bankruptcy after Hogan award
Companies that seek bankruptcy protection are driven to that decision for a variety of reasons. For many, it may be due to the inability to nimbly change directions as required by the market. For others, the cause may be an unexpected award for the plaintiff in a...
Craft brewery seeks Chapter 7 bankruptcy
Whether large or small, many businesses must make the smart decision to shutter their operations when they are no longer viable. When liabilities outweigh assets and there is not a way to restructure the debt, it is prudent for a company to seek bankruptcy. Kentucky...
Business & commercial bankruptcy often best way to start anew
There are many factors that can cause a successful business to experience financial difficulties. Many times, it is not the fault of the business owners or executives, but it is just a result of the economy and national trends. It may interest Kentucky readers to...
