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Hertz Must Sell Nearly 200,000 Cars as a Part of its Chapter 11 Bankruptcy Deal

One of the advantages of filing for Chapter 11 bankruptcy is that it allows for a business to reorganize itself and pay its creditors over time. Rather than having to shut down all operations, a business is given the opportunity to stay alive…
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Tulsa, Oklahoma, Three Famous People Who Filed for Bankruptcy and Bounced Back

If you’re worried that filing for bankruptcy will hurt your reputation and harm your chances of being successful in the future, perhaps this article is for you. While no one dreams of ever having to file for bankruptcy, sometimes, the circumstances…
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Parent Company of New York & Co. Files for Chapter 11 Bankruptcy and Many Stores Could be Closing Because of It

New York & Co. has become a staple in shopping centers and malls across the U.S. Unfortunately, the women’s fashion retailer may no longer be a part of most mall directories in the coming months as all 400 stores could be closing. According…
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Retailer Lucky Brand Files for Chapter 11 Bankruptcy as a Result of the COVID-19 Pandemic

The COVID-19 pandemic has pushed yet another well-known company into filing for bankruptcy—Lucky Brand Dungarees LLC, according to USA Today. The company, which currently has about 200 Lucky Brand stores in North America as well as merchandise…

Chapter 12 Law Firm in Tulsa, Oklahoma

The Henson Law Firm is a Bankruptcy law firm in Tulsa, Oklahoma. Chapter 12 bankruptcy is reserved for family farmers and fishermen. With Chapter 12 bankruptcy, family farmers and fishermen are given the ability to develop a payment plan…

Chapter 11 Law Firm in Tulsa, Oklahoma

The Henson Law Firm, PLLC is a Bankruptcy law firm in Tulsa, Oklahoma that assists companies facing financial difficulty who are considering filing for bankruptcy. Chapter 11 bankruptcy is usually reserved for corporations or partnerships…
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Chuck E. Cheese Files for Chapter 11 Bankruptcy

Chuck E. Cheese opened its first location in 1977 in San Jose, California, and has managed to stay around ever since. The restaurant serves as a great place for families to go who want to celebrate a child’s birthday or a milestone in their…
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What are the consequences of filing for bankruptcy in Oklahoma?

If you’ve accrued a significant amount of debt you can no longer pay back and have creditors taking legal action against you, you might be considering filing for bankruptcy. While bankruptcy will help you eliminate some of your debt and pay…
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Chesapeake Energy Corporation, an Oklahoma City-Based Company, Prepares to File for Bankruptcy

As the U.S. slowly emerges out of the COVID-19 pandemic, businesses are beginning to assess the losses they suffered to determine what their next move should be. While some businesses were lucky enough to withstand the financial hit their business…
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JCPenney Announces it Has Filed for Bankruptcy and is Closing Six Stores in Oklahoma

The COVID-19 pandemic has wreaked havoc on businesses of all types and sizes, especially those that were shuttered by government orders. Unfortunately, JCPenney was one of those businesses that took a hard hit as a result of the pandemic and…