There are many types of bankruptcy that a company may consider when seeking relief from debt. The type that is familiar most is Chapter 11, though if asked, many people may not know exactly what this form of bankruptcy entails. It may be helpful...
In the past, many in Kentucky may have considered filing for bankruptcy protection to be the end of the road for a company. However, in recent years, more and more companies have started to look at filing Chapter 11 as a way to rid themselves of unprofitable holdings...
There comes a time when many businesses must make the smart decision to either drastically change their strategic initiatives or to seek other avenues in order to protect investors. At times, it may be prudent for a company to seek bankruptcy. Kentucky readers may be...
While some companies may find themselves in dire financial straits due to fiscal mismanagement, there are some corporations that are driven to seek bankruptcy protection because of factors that are completely out of their control. For example, there are many times...
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...
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...
Sometimes, despite a business owner's best efforts, a small business ends up experiencing significant financial/debt problems. There are many different debt relief mechanisms a small business may have as options to try to address such struggles. This can include...
