There are as many reasons for filing for bankruptcy as there are bankruptcies out there. What we mean is tjhat every company faces its own unique set of circumstances that leads it to the decision to file for Chapter 11 bankruptcy. While one company may be dealing...
You have put years and decades into growing your business and have seen a lot of success. But a time may come when things aren’t going so well and no matter what you do, the financial state of your business is not improving. Just like you would with your personal...
Financial troubles can pop up in just about any industry. It may seem like some industries, such as the entertainment business, would be permanently protected from financial woes, but that is simply not the case. No matter how well a business is doing or how well the...
There are many reasons why a business may run into financial trouble but it's always important to remember that a business struggling financially is not necessarily a failed business. In many cases, businesses that are struggling financially can find relief by filing...
A fluctuating market and strong competitors can really take a toll on a company, no matter its size. Hancock Fabrics Inc., one of the biggest fabric sellers in the country knows a thing or two about that. It recently filed for Chapter 11 bankruptcy for the second time...
