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business bankruptcy Archives

Owner of several Applebee's restaurants files Chapter 11

A business that owns over 150 Applebee's franchises in different states, including several in Kentucky, recently announced that it filed for Chapter 11 bankruptcy. According to the company, their restaurants will be able to remain in operation while the bankruptcy is ongoing.

Retailer with Northern Kentucky stores out of bankruptcy

One clothing retailer with a presence in Northern Kentucky announced that it had successfully completed a Chapter 11 bankruptcy reorganization plan and was looking forward to a more profitable future. The end of the bankruptcy did not come without some cost to the chain, as it was forced to close down 100 stores nationwide and reduce its corporate staff. Moreover, there were some shifts in management that apparently came at the urging of the store's creditors, which ultimately signed off on the store's reorganization.

Tough market for retailers in Louisville continues

As a previous post here detailed, the retail market, which includes so-called "brick and mortar" clothing and other stores as well as restaurants, is a hard market to make a profit in right now. This is due in part to Amazon and other online retail outlets that offer customers the convenience of shopping in their own homes and having items delivered to their doorsteps.

Can Kentucky businesses contract bankruptcy rights away?

It is very likely that few businesses go into operation with the idea that they will go bankrupt. Generally business owners are looking to run profitably for the foreseeable future. However, the possibility of failure always exists, as business is a risky proposition even under favorable circumstances. Further, the use of business bankruptcy may be in the best interests of the business' owners and investors in many cases, as it may allow the business to reorganize and shed useless debt. Of course, a business' creditors may not always see it that way, and sometimes will seek to minimize the possibility of a bankruptcy filing.

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