Tag Archive for: Chapter 11 bankruptcy

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Florida lawyers’ concerns based on a 70% increase in Chapter 11 filings over last year. 

Florida – February 28, 2023 Florida lawyers are paying attention to the national bankruptcy trends, specifically the 70% increase in Chapter 11 filings over the last year even as the state has not experienced this high rate overall.  The…
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Online Wine Subscription Service Winc Files for Chapter 11 Bankruptcy

The online wine subscription service Winc is facing some tough times. Winc was founded in 2012 and is based in Santa Monica, California. While the purchase of wine and spirits isn’t exactly down, Winc’s profits have fallen, which has resulted…
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Alex Jones Has Now Filed For Personal Bankruptcy

Infowars founder Alex Jones has filed for bankruptcy, and this time, it’s personal. Just a few months back, Jones was ordered to pay roughly $50 million in damages to some victims and the families impacted by the Sandy Hook Elementary School…
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Is Regal Cinemas Headed for Bankruptcy?

Bankruptcy doesn’t always indicate that a company is going out of business. It can, however, signify that a company has accrued a substantial amount of debt and is seeking relief. Regal Cinemas has long served as a leading movie theater chain…
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Will I Have to Close My Business if I File For Bankruptcy?

If you believe your business has potential and want to keep it up and running while you file for bankruptcy, Chapter 11 may allow you to do this. Chapter 11 bankruptcy, often referred to as a “reorganization” bankruptcy, lets businesses…
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Can You File for Bankruptcy if You’re Unemployed?

Riverside, AL–If you’re currently unemployed and looking to file for bankruptcy in Alabama, you may still be able to do so depending on the type you choose to file for. Chapter 7 and 13 bankruptcy are the two most common types of bankruptcy…
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Business lawyers guide bankruptcy document review actions for Florida businesses.

Florida – July 25, 2022 Bankruptcy is not always a negative occurrence and can save a business from going under by restructuring in accordance with Federal Bankruptcy laws. Florida business lawyers have impressive impacts when they work…
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Tulsa, Oklahoma, Ways to Rebuild Credit After Bankruptcy

 Credit allows individuals to borrow money from banks, lenders, credit card companies, etc. so they have access to funds when they need them. Credit allows individuals to buy cars, homes, and rent property. Establishing good credit and maintaining…
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Can a company in Tulsa, Oklahoma still operate if it files for Chapter 11 bankruptcy?

When a company in Oklahoma files for Chapter 11 bankruptcy, it may continue with its operations, although they may be modified to some extent. Instead of a company having to liquidate, it uses Chapter 11 bankruptcy as a way to reorganize. Companies…
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Initial Steps to Take if You’re Considering Filing for Bankruptcy in Tulsa, OK

For some, bankruptcy wipes away most, if not of all of their debt, providing them with a clean slate to work with. For others, bankruptcy allows for reorganization so that an individual and/or business is able to get a better handle on their…
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Could a Second Wave of COVID-19 Cause More Businesses to File for Bankruptcy?

Industry experts are saying it’s likely.   The COVID-19 pandemic has pushed thousands of businesses past the point of no return. While some businesses shuttered and never reopened after government-ordered shutdowns were lifted,…
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Oklahoma, Chaparral Energy Files for Chapter 11 Bankruptcy After COVID-19 Pandemic Lowers Demand for Oil

While the COVID-19 pandemic has increased the need for reliable healthcare workers, it has caused the demand for oil and gas to decline. With fewer people traveling on commercial flights in an effort to help curb the spread of COVID-19, companies…
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Oklahoma, Stein Mart, Inc. May Close All of Its Brick-and-Mortar Stores After Filing for Chapter 11 Bankruptcy

The COVID-19 pandemic has pushed several large and small businesses into filing for bankruptcy and Stein Mart, Inc. has joined the growing list. On August 12, 2020, Stein Mart, Inc. announced that it voluntarily filed for Chapter 11 bankruptcy…
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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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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…
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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…