Chapter 11

Filing for bankruptcy in Tennessee doesn't have to mean the end of your business. In fact, filing for bankruptcy could actually help you eliminate debts and make your business profitable again. You could buy yourself some time to get your finances in order and figure...

Tennessee is home to more than 600,000 small businesses, enterprises that account for 99.4% of all businesses within the state. These companies employ 1.1 million people here and help keep the economy chugging along. Sometimes these hardworking business owners hit a...

If a person leases land in Tennessee or anywhere else, it may be possible to retain an unexpired lease after filing for Chapter 11 bankruptcy. However, there must be an explicit acceptance of that lease, and the bankruptcy court must then approve of the decision to...

If your business is struggling financially, filing for Chapter 11 bankruptcy may be your best option. When considering bankruptcy, there are three steps you should avoid: undefined 1.) Getting further into debt. Do not take on new debt or further your existing debt....

Tennessee residents who have substantial debts may use the Chapter 13 bankruptcy process to address them if they have a regular source of income. This type of bankruptcy requires the court to approve a repayment plan that lasts either three or five years. If they own...

Tennessee residents have used firearms manufactured by Remington to hunt or protect their property for two centuries, but declining sales have placed the future of the North Carolina-based company in jeopardy. The Remington Outdoor Company announced on Feb. 12 that it...

Tennessee consumers who are in debt may be eligible to file for Chapter 11 bankruptcy. Despite popular belief, the Chapter 11 bankruptcy is not intended only for companies. Individuals who are not able to qualify for Chapter 13 may be able to reorganize their debt...

A business owner in Tennessee may use Chapter 11 bankruptcy to reorganize a company if it's saddled with substantial debt. While this type of bankruptcy is usually associated with corporations, small businesses are also eligible to file. Chapter 11 allows debtors to...

Toys 'R' Us stores in Tennessee and across the country will remain open even though the company is filing for bankruptcy. The struggling company has filed under Chapter 11, a type of bankruptcy designed to help a business handle and improve its financial situation...

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...