Tag: Bankruptcy

February 4, 2021

The effects of the pandemic have been devastating for thousands of companies across the country, but alongside their financial problems there have been various legal complications. One of them was the increase in requests for bankruptcies or possible bankruptcies, given […]

December 21, 2020

One industry after another saw activity grind to a near halt in March as the pandemic broke out in the United States. Retailers contended with stores closed for weeks and shoppers too shellshocked to spend on anything but essentials; energy […]

July 14, 2020

“Can I still qualify for business loans after bankruptcy?” It’s a question small business owners and aspiring entrepreneurs who have suffered that fate may ask when looking for financing. If you want a fresh start, a past bankruptcy need not […]

April 20, 2020

Crisis preparedness is a competitive advantage, and what doesn’t kill your business should make it stronger. In March, more than 10 million Americans filed for unemployment as workers stayed home due to statewide lockdowns. The health emergency isn’t over, but […]

November 6, 2018

Foreclosure and bankruptcy are two words no homeowner ever wants to hear. But when you’ve given it your all, the only thing you can do is find the next best thing. Here are a few tips to consider. What Exactly […]

September 15, 2017

The number of businesses that file bankruptcy grows each year. With almost 800,000 bankruptcy filings in the last 12 months, according to a report compiled by the U.S. Courts, it is inevitable that you will have dealings with a client […]

July 13, 2017

Few businesses operate without taking on some form of debt. The problems that can arise with taking on debt can often be avoided by making sure that payments to creditors are made on time. When a business fails to pay […]

May 2, 2017

If you’re considering filing for bankruptcy, you’re going to hear the word “creditor” thrown around a lot. Generally, a creditor is anyone to whom you owe money, and this can include banks that hold your mortgage or car loans, credit […]

January 10, 2017

Canadian apparel maker Gildan Activewear Inc. (GIL, -0.59%) has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC (CURXQ) after raising its offer to around $88 million, a person familiar with the matter said Monday. Gildan’s takeover marks […]

November 18, 2016

Ending a business, or one particular venture, can often be a smart business decision. Sometimes an entrepreneur needs to cut their losses and move on to the next project. When a business owner reaches that point, they may be wondering […]

October 24, 2016

A group of SunEdison lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. […]

June 21, 2016

Oi filed for Brazil’s largest ever bankruptcy protection on Monday after the country’s No. 1 fixed-line phone carrier ran out of time to reorganize operations and restructure 65.4 billion reais ($19.3 billion) of debt amid a harsh recession. The petition […]

March 21, 2016

When times get tough, the tough sometimes want to indulge in a little shopping. But retail therapy and reactive spending can be big contributors to a personal credit crunch. There are things you can do to remain financially healthy if […]