Business & Commercial Bankruptcy

It’s not uncommon for large institutions, such as hospitals, to encounter financial challenges from time to time. Such issues are sometimes able to be resolved by reducing overhead costs, downsizing, or cutting spending in a monthly or annual budget. Such measures are...

If a Tennessee business owner falls upon hard times financially, he or she may explore numerous debt relief options in order to stay afloat. For instance, there are several types of bankruptcy programs that can help a business owner pay back creditors while day-to-day...

Most Tennessee shoppers are familiar with the popular retail chain known as Belk. The department store was launched in the late 1880s and currently has approximately 300 stores in 16 states. Like many retail stores, Belk has encountered financial problems, and it...

Many Tennessee businesses that are considering bankruptcy have a number of continuing contracts, such as a supply contract, a real estate lease or any contract in which both parties have unperformed obligations. The bankruptcy code accords such contracts, known as...

Romano's Macaroni Grill, an upscale Italian restaurant chain that once had locations sprouting up all over the country, has announced it will enter a Chapter 11 business bankruptcy in order to restructure its debts so that it might be able to continue to operate.Like...

The financial troubles of the major retail toy store chain Toys "R" Us have become the subject of speculation in the news media of late, with even some insiders in the company saying that the former king of toy stores is considering a Chapter 11 bankruptcy...

Business owners in Bradley County, Tennessee, may not be able to quite identify with the news stories announcing the latest large commercial bankruptcy, especially if the business is nationwide and worth millions of dollars. Even if these owners are themselves in...

This blog recently discussed bankruptcy options for businesses, which is an important topic for struggling companies to be familiar with. A Chapter 11 business bankruptcy filing typically allows the company to continue under its current management. Unlike a Chapter 7...

Bankruptcy options are designed to help both struggling individuals and companies based on their unique situation and circumstances. With regards to commercial property owners, businesses dealing with financial problems might find it resourceful to consider bankruptcy...

Chapter 11 bankruptcy is a bankruptcy process that allows the struggling business to reorganize its debts and also liquidate assets to repay debts. Once the filing party has filed the bankruptcy motion, they remain in possession of the business and its assets during...