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April 2016 Archives

The growing list of clothing retailers filing for Chapter 11

The clothing industry is steady in some ways and very unsteady in others. On one hand, everyone needs clothes, which would suggest that demand is steady. But the specific kinds of clothes that consumers want to wear are dictated by fashion, which is capricious and ever-changing.

Business bankruptcy doesn't have to mean closing the doors

Many Americans who want to start their own business share the dream of owning the "next big thing." Some startups see nearly overnight success, and this is the model that nearly everyone wants to emulate.

Should our company file for bankruptcy protection?

As we’ve seen with the many Chapter 11 cases we have covered in our blog posts, businesses end up filing for bankruptcy protection for many different reasons. In some cases, something may have happened that was within the company’s control. In many other instances, the situations that led up to the financial difficulties for the company were out of their control altogether.