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Posts tagged "Business & Commercial Bankruptcy"

When a Chapter 11 filing is appropriate, it can truly breed success

We note a quick truth on our business law website for commercial enterprises eyeing a Chapter 11 bankruptcy filing as a viable strategy to overcome daunting financial and legal challenges.

Chapter 11 assessment merits close look at other options as well

Some law firms hold themselves out as deeply skilled in the counsel they provide business clients concerning Chapter 11 corporate bankruptcy, when in fact they don't have a particularly strong focus on that practice area.

Toys R Us CEO: Chapter 11 filing will strengthen company

We feel empowered to speak about Chapter 11 bankruptcy at the Manhattan law firm of Rich Michaelson Magaliff Moser, LLP, for many reasons. As we duly note on our website, "we have represented clients in the New York City area, Delaware and nationally in some of the most challenging and visible corporate bankruptcies in recent years."

Perfume retailer hopes Chapter 11 spawns new business prosperity

A Chapter 11 bankruptcy filing by a commercial entity in New York or elsewhere can certainly signal the end a business life span for a company that has simply become overwhelmed by debt and other problems over time.

Chapter 11 for Takata: laying groundwork for longer-term success?

As New York attorneys who work routinely with diverse commercial clientele on some of the most intricate and complex debt-related and restructuring matters possible, we flatly know that a Chapter 11 bankruptcy filing is far from being a boilerplate strategy and solution to seemingly insuperable financial challenges.

On financial restructuring and legal help

Financial hardship can befall any company. Maybe not necessarily at any time, but the concept still holds water. When a business starts to suffer financial, it is rare for the solution to be one-dimensional. These problems are often far more complex than they seem, and the solutions often require a tactical approach from many different angles to properly implement.

Commercial bankruptcies skyrocketed in 2016

A new report is out detailing the number of commercial bankruptcy filings there were in the 2016 calendar year, as well as the total number of bankruptcies in the US. The total number of bankruptcies were down by 6 percent -- but within that number, commercial bankruptcies increased a staggering 26 percent in 2016. In 2015, there were 29,920 commercial Chapter 11 bankruptcies. In 2016, that number surged to 37,771.