Businesses have many moving parts, and sudden disruptions or changes can throw everything into chaos. Anything from a sudden sharp decline in the supply of key components for a product you make to decrease in consumer demand because of social isolation protocols could...
Year: 2020
Chapter 7 could be the right kind of bankruptcy for your business
When you think about Chapter 7 bankruptcy, do you imagine a bankruptcy for a business or an individual? Often, this kind of bankruptcy is seen as something that consumers use, but the truth is that it can be beneficial for businesses as well. If you’re struggling with...
Large publisher seeks bankruptcy reorganization
Even some of the largest businesses in Texas can face serious financial problems and difficulties meeting their obligations. McClatchy, the well-known publisher of newspapers like the Fort Worth Star-Telegram, Kansas City Star and Miami Herald, filed for Chapter 11...
What to tell your employees when the company is bankrupt
If your company’s been struggling to meet the bills, your employees may not be terribly surprised by the news that you’ve filed for bankruptcy protection -- but they will have questions. Here’s how to handle your employees’ questions about the future: What does...
