When a business that most people know and love goes into bankruptcy, it can be a shock. Many do, though, when financial difficulties place too much of a strain on their organizations. A lack of in-store shopping, low profits and poor selection can all impact stores....
Month: May 2020
Chapter 11 bankruptcy allows a business to renegotiate debt
Business and economic circumstances can change in a heartbeat, leaving a once-profitable business struggling to get by and pay for rent and workers. If your business has recently experienced a significant downturn in income, you may not be able to make all of the...
Recessions can cause businesses to fail
Sometimes, the reason your business faces bankruptcy has literally nothing to do with you. People often assume that filing for a business bankruptcy is an admission of failure. That couldn’t be further from the truth. For instance, let's assume that the country goes...
