Bed Bath & Beyond is a home goods staple in California and throughout the country. Unfortunately, the retailer has been struggling for the past three years. Now, the company is considering filing for bankruptcy and plans to close multiple stores. Dire situation...
Out-of-control debt can cause significant stress. In some cases, people living in California may need bankruptcy protection while they take steps to manage their finances. Chapter 13 and Chapter 11 bankruptcy plans allow individuals to keep their assets while managing...
If your nonprofit in California is struggling, you don't necessarily have to shut it down. Bankruptcy law allows nonprofits to file for Chapter 11 bankruptcy. Operations Nonprofits have the option to continue operating under a Chapter 11 bankruptcy. It delays your...
A California small business might find itself debt-laden. Subchapter 5 of Chapter 11 bankruptcy could provide a solution for such business owners. Subchapter 5 and small businesses Chapter 11 bankruptcy provides a way for businesses to remain in business during...
One of the options available in California for alleviating insurmountable debt is Chapter 11 bankruptcy. When a business is heavily in debt, it might be able to qualify for debtor-in-possession financing. An explanation for debtor-in-possession financing...
There are several types of bankruptcy available for California consumers and businesses. While many people are familiar with Chapter 7 and Chapter 13, Chapter 11 bankruptcy is not as well known. It’s important to know what it entails. What is Chapter 11 bankruptcy?...
Filing for bankruptcy in California can be a complex matter. This is all the more true if you are filing on behalf of your company. There are several forms of bankruptcy that are available. If you choose Chapter 11, you can have recourse to Debtor in Possession (DIP)...
Business owners in California could lose their business assets if they file for personal bankruptcy under certain circumstances. Whether your bankruptcy places your business in jeopardy will depend on the type of bankruptcy you file, the structure of your business, and the value of the assets. The Bankruptcy Group has years of experience helping business owners through difficult financial times…
People file for bankruptcy for many different reasons in California, under many different circumstances. In some instances, the trustee and court will review a bankruptcy with more scrutiny because the debtor has additional real estate besides their home. If you own investment or rental properties, it might be challenging to protect them in bankruptcy. The Bankruptcy Group wants our clients…
If you decide to file for bankruptcy in California, one of the first choices you will have to make is whether you wish to file for Chapter 7 or Chapter 13. This decision will impact your ability to keep possession of your real estate investments. Typically, if you file for Chapter 7, the bankruptcy trustee will take control of your…