Posts

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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…
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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…