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Bankruptcy for Businesses Archives

Newspaper giant files for Chapter 11 bankruptcy

Newspapers aren't as common as they used to be, and this can be seen as some businesses struggle to stay afloat. One recent Chapter 11 bankruptcy plan that was filed came from McClatchy, one of the largest newspaper publishers in the nation, after it claimed that debt and declining print revenue has harmed its business.

Borden files for bankruptcy relief as dairy continues decline

If you like to have dairy products in your home, you may be shocked to find out that a major U.S. dairy provider, Borden, has sought bankruptcy protection. A Jan. 6 report states that the number of milk sales in America has dropped, and that has resulted in a loss of profits for Borden.

Sears may emerge from bankruptcy with locations still open

If you own a business and are struggling to make ends meet, you may be considering bankruptcy. Bankruptcy is not always an easy decision to come to, but with the right type, it may be possible to keep your business open and to become profitable in the future.

Chapter 7 business bankruptcy: Closing your doors

Businesses can have a difficult time in the current economy. Although people may be doing better and can afford to spend, many are cautious. For businesses, this can mean trying to lower prices and fighting to make their products and services stand out. Unfortunately, some don't make enough changes or can no longer be profitable.

A Chapter 11 bankruptcy can keep your business viable

You worked hard to create your business but due to an unfortunate turn of events, you've been unable to keep up with the demands of the business. Now, you're hoping that a bankruptcy will help you get out of trouble and keep your business running in the future.

Bankruptcy doesn't always mean closing your business' doors

Your business did well for years, but when the economy took a downturn, and the local residents began to move away, many of the people who were your regular clients disappeared. You thought it might get better over time, but each year resulted in lower profits until you had none at all in 2018.

Getting out of debt the right way: Business bankruptcy

Businesses sometimes struggle with money due to a variety of issues, such as the economy stumbling or having a hiccup with third-party vendors. Whatever the reason is, if a business gets too far behind on payments or isn't bringing in enough profits, it may need to turn to bankruptcy.

Payless ShoeSource to close all U.S. stores

Bankruptcy can affect even businesses that seem as if they're doing well. Take, for example, the well-known shoe store chain, Payless ShoeSource. This store has been around since the 1950s, but after filing for bankruptcy the second time, it has decided to close its doors for good.

ABA Defending Liberty Pursuing Justice American Bankruptcy Institute The Florida Bar 1950 CFAWL Criminal Florida Association For Women Lawyers Orange County Bar Association
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