Small businesses often run on a tight budget with very little wiggle room. They count on being able to have a consistent income that covers expenses and provides a living for their owners. Ultimately, many small businesses end up having to shut down. Approximately 20%...
Bankruptcy Law
How can you protect a company’s reputation during bankruptcy?
Navigating through bankruptcy is a challenging period for any business. Maintaining a company's reputation during this time is crucial for its future recovery and success. Bankruptcy can often be perceived negatively, potentially damaging trust with customers,...
How Chapter 11 bankruptcy helps struggling small businesses
When an entrepreneur starts a small business or someone takes over an existing company, they tend to invest quite a bit of their time and resources in the creation and development of the company. They may also take on certain risks, including personal responsibility...
What happens to a commercial lease during business bankruptcy?
Businesses are under constant pressure to generate revenue. Only a few weeks of decreased sales might prevent an organization from meeting its financial responsibilities. Businesses have numerous recurring expenses they have to cover to continue operating. They have...
Potential reasons for a business bankruptcy
There are many reasons why businesses fail, and it can be a complex mix of factors that ultimately lead to their downfall. This doesn’t mean that the business owner has even made a mistake. Sometimes, factors that influence bankruptcy are completely out of their...
Top reasons that businesses face bankruptcy
When businesses face bankruptcy, people sometimes assume that it’s because the business owner must have made poor financial decisions. Maybe they invested too much of their money without any return. Perhaps they took out ill-advised business loans with high-interest...