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September 2015 Archives

Creditors sue RadioShack and affiliated parties over Chapter 11 filing

In a previous blog post, we discussed how Chapter 11 bankruptcy can ultimately benefit businesses that are struggling financially. While there's no doubt that, in many circumstances, Chapter 11 truly is the smartest and best option for some businesses, that's not to say that creditors will agree.

Is a debt consolidation loan right for your struggling business?

While every business owner has the goal of ensuring for a healthy profit margin, there are sometimes circumstances outside of one's control that force a business to take on more debt and operate in the red. For a business owner, taking on too much debt can quickly upset what may already by a tenuous financial balance and eventually result in a business owner being forced to make some tough decisions.

R3M Law Consults With Alan M. Dershowitz in Suit Against Vienna International Airport

Rich Michaelson Magaliff Moser, LLP in consultation with Alan M. Dershowitz has filed a lawsuit on behalf of its clients Rakesh Sardana, Saveria JFK, Inc. and Saveria USA, Inc. against Vienna International Airport. Sardana, a pioneer in the concept of luxury stores at airports, was at one time the largest luxury store retailer at JFK Airport Terminal 4 and the Vienna International Airport.

Achieving business success through the Chapter 11 bankruptcy process

From a business owner's perspective, failure is not an option. Most business owners have typically faced their fair share of adversity before finding success and are high achievers who don't take no for an answer. It's these types of character traits that often drive business owners who encounter debt problems to refuse to give up and to instead explore financial restructuring options including filing for Chapter 11 bankruptcy.

2 options the SBA offers to businesses in debt

For businesses in serious debt, Chapter 11 bankruptcy may be the best solution, but many business owners have other options. The federal Small Business Administration provides several loan programs that help troubled businesses get out of debt, so that they can operate in better financial health moving forward.