Learn Why You May Not Need Chapter 11 Bankruptcy
August 12, 2023
Learn Why You May Not Need Chapter 11 Bankruptcy Chapter 11 Bankruptcy is available mostly for large businesses that have the ability to be unaffected by the expenses, time, and legal challenges involved. According to statistics, almost 90% of businesses fail to complete a successful Chapter 11 bankruptcy plan. There are more effective, non-bankruptcy options…
Bankruptcy In Arkansas: The Alternative To Consider
March 21, 2023
Bankruptcy In Arkansas: The Alternative To Consider In 2020, there were a total of 10,020 bankruptcy filings in the state of Arkansas, according to statistics provided by the United States Courts. Of those, 8,908 were filed under Chapter 7 bankruptcy, 1,065 were filed under Chapter 13 bankruptcy, and 47 were filed under Chapter 11 bankruptcy.…
Business Debt Restructuring – An Alternative To Bankruptcy
February 21, 2023
What Is Business Debt Restructuring? Business debt restructuring is the reorganization of overdue accounts so the businesses creditors can be paid without having to shut down the business or file for bankruptcy. When a company has more debt than it has income, it can find itself in a very stressful situation. Bankruptcy may be considered…