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Lender Strategies in Chapter 11 Real Estate Cases

Successful banks seek opportunities to minimize default risks in commercial real estate transactions.  In normal times, banks are under pressure to generate profits for their shareholders, manage their deposits, and comply with the labyrinthine regulations and laws governing their industry.  Perhaps most importantly, banks must manage risks associated with...

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When is a Business Worth Saving?

When is a Business Worth Saving?

A Common Dilemma Distressed business owners frequently encounter a common dilemma:  if the business is worth saving or if the business owner is better off walking away?  The key consideration is whether it is possible to save the business.  If the business can be saved, chapter 11 is a viable...

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Why You Should Be Truthful in Bankruptcy Proceedings

Why You Should Be Truthful in Bankruptcy Proceedings

When it comes to any court process, you are always urged to be truthful about the details you come forward with. The same can be said for bankruptcy proceedings if you are going through a business bankruptcy. Many debtors, unfortunately, believe that they can file and that the court...

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Getting a Small Business Loan After a Bankruptcy

Getting a Small Business Loan After a Bankruptcy

Yes, it is true that bankruptcy sticks around and can remain on your credit report for a long period of time. However, many people who have to endure the process of business bankruptcy might not want to call it quits on their business. But is receiving a small business...

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Why You Should Be Truthful in Bankruptcy Proceedings

If I File for Bankruptcy, Will I Keep My Home?

After you have been overwhelmed again and again by business debts that you are not able to afford, you might consider the bankruptcy route. Many people are worried about their finances and their property after they consider bankruptcy. Will it have a huge impact on their life? Will they...

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Exhausting All Options as You Move Toward Bankruptcy

Exhausting All Options as You Move Toward Bankruptcy

Many people believe that bankruptcy is always a negative thing and is something that they should stay away from. The truth is, filing for an option like Chapter 7 bankruptcy when it comes to the livelihood of your business might be the best choice you can make. You might...

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Protecting Yourself from a Lawsuit with Bankruptcy

Protecting Yourself from a Lawsuit with Bankruptcy

Many people wonder how they can avoid being sued by creditors when they own a business and are dabbling with the prospect of bankruptcy. Going through a lawsuit might be one of the most difficult things that you have ever experienced, which is why many people attempt to avoid...

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Why You Should Be Truthful in Bankruptcy Proceedings

Things to Avoid When Going Through the Bankruptcy Process

When you are going through the bankruptcy process, there are many things that will be expected from you. However, there are also many things that you should avoid doing. Bankruptcy lawyers will always tell business owners that there are certain things that they should not do and things that...

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