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...
Chapter 11
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...
Commercial bankruptcies soar in September
According to numbers recently reported by the American Bankruptcy Institute (ABI), there were 38 percent more commercial bankruptcy filings in September when compared to the same month just one year ago. Unfortunately, this one-month spike is not an anomaly. In fact,...
5 things you should avoid if considering a business bankruptcy
For many business owners struggling with debt, bankruptcy provides the best - and often only - solution for keeping their businesses afloat. However, while a Chapter 11 bankruptcy may be your best option, it is important to remember that, during the time leading up to...
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...
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...
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...
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...
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...
Four signs your business should consider bankruptcy
At what point should your business decide to file bankruptcy? How much debt is too much debt? These are good questions any struggling business should ask. Determining when to file is almost as important as determining whether to file. If you wait too long to file, you...