Lefkovitz & Lefkovitz
Nashville Office
615-686-2279
Cookeville Office
931-528-5297
We help individuals and businesses find the right solution to their money problems.

chapter 11 Archives

How to tell when its time for bankruptcy

Some Tennessee businesses that are failing may benefit from filing for bankruptcy. It is possible that Chapter 11 bankruptcy offers an orderly method for restructuring debt and repaying creditors without having to shutter the company. There are many signs that a company may be headed to bankruptcy such as surviving on a line of credit, an inability to pay bills and a negative net worth.

Ruling in Chapter 11 case

Tennessee companies considering undergoing a Chapter 11 bankruptcy may be interested to learn about a March 2017 U.S. Supreme Court decision. The court ruled 6-2 that bankruptcy courts do not have the authority to allow select creditors to bypass others in the order of repayment.

Caesars ready to restructure debt in 2017

Tennessee residents may be interested to learn that Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. are filing for Chapter 11 bankruptcy. The U.S. Bankruptcy Court for the Northern District of Illinois confirmed the bankruptcy reorganization plan, and CEOC is now ready to begin a restructuring process that will be overseen by the bankruptcy court.

Commercial bankruptcies up 10 percent. Is it the right option for your business?

According to data recently provided by Epiq Systems Inc., and distributed by the American Bankruptcy Institute (ABI), commercial bankruptcies in the U.S. increased 10 percent in July 2016 when compared to the same month just one year earlier. This marks the ninth straight month in which commercial bankruptcy filings have experienced year-over-year increases.

Protecting your business' reputation during bankruptcy

With Donald Trump under public scrutiny for filing Chapter 11 bankruptcy protection multiple times in the past few decades, many businesses wonder how a bankruptcy will reflect on their own reputation and future business deals. Is there a way to shield your business bankruptcy from public view? What steps can you take to minimize any negative impact to your business?

Companies that survived bankruptcy - and thrived

Many business owners will put off filing for bankruptcy because they believe bankruptcy is the mark of death to their business. What they do not realize is that the decision to wait to file -- particularly when their business continues to incur debts -- can be the very thing that leads to its dissolution. Choosing to file bankruptcy, on the other hand, might have saved it.

Answering your questions about business bankruptcy

You take pride in your business, and for good reason. Yet, like many businesses, you may have hit rough waters. There are times when market circumstances can challenge a business, and there are times when companies make decisions that don't pan out the way they believed they would. You are not the first business to look for relief.

After Hulk Hogan win, Gawker files for bankruptcy

Tennessee fans of Hulk Hogan are probably aware that the wrestling star recently won a lawsuit against Gawker Media for $140 million. It has now been reported that Gawker filed for Chapter 11 bankruptcy protection and is offering its assets for sale. The company's bankruptcy petition was filed on June 10.

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Nashville, TN 37219

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