Bankruptcy has consequences but may be the best avenue for struggling businesses. Along with Chapter 11 bankruptcy, there are other filing options for small business. Bankruptcy generally Bankruptcy is intended to help small business eliminate or repay debt. Federal...
Month: February 2021
Chapter 11 bankruptcy basics
Chapter 11 bankruptcy can help struggling businesses that wish to remain in business. It is a reorganization bankruptcy option for businesses that are facing financial challenges to consider. Eligibility for Chapter 11 bankruptcy Both small and large businesses are...
Bankruptcy Code gives some breaks for small businesses
Small business is fighting a tough battle against the economic consequences brought by the pandemic. But four recent amendments to the Bankruptcy Code may help small businesses which are filing a Chapter 11 bankruptcy. Paycheck protection program The Paycheck...