The exchange filed for Chapter 11 bankruptcy in November 2022. The court found the firm's founder Sam Bankman-Fried guilty of ...

The New Port Richey, Fla., pizza restaurant chain, whose locations are known as Backdraughts Pizza, filed its Subchapter V petition in the U.S. Bankruptcy Court for the Middle Dis ...

American bourbon does not have the deep tradition of scotch or even Irish whiskey. In many ways, it has followed the same arc as the country that claims it. Bourbon has always been a little rough ...

The company operates a fleet of 58 trucks to deliver refrigerated goods across 48 states, per the company’s website.

The Bankruptcy Code provides that a debtor may voluntarily convert its case from Chapter 11 to Chapter 7 unless a Chapter 11 trustee has ...

Chapter 11 doesn’t erase all debts and it’s not suitable for all businesses. But in the right cases, it can be a viable way for financially troubled firms to find a path through a difficult time.

As the pandemic continues to hammer retailers, many are filing for Chapter 11 bankruptcy. Here’s what that means for the business and consumers.

Chapter 11 bankruptcy basics. Chapter 11 is basically a bankruptcy plan that allows businesses to restructure debts and stay open. In this type of bankruptcy, the debtor retains ownership of their ...

Chapter 11 Bankruptcy, also called a reorganization bankruptcy, allows a company to restructure its debts in order to stay in business and become solvent.

Chapter 11: Chapter 11 bankruptcy is primarily used by businesses, allowing them to reorganize their debts and operations while under the protection of the court.

So, for now, a Chapter 11 Debtor that owes $7.5 million or less to its creditors, can take advantage of this new, cheaper, fast-moving subchapter of the Bankruptcy Code to reorganize.

The Chapter 11 process is long and expensive. In my experience, attorney's fees run about 4% of annual revenue. If your company has $2,000,000 in revenue, expect to pay between $75,000 and ...