How to tell when its time for bankruptcy
Some Tennessee businesses that are failing may benefit from filing for bankruptcy. It is possible that Chapter 11 bankruptcy offers an orderly method for restructuring debt and repaying creditors...
View ArticleBankruptcy isn’t shutting down Toys ‘R’ Us
Toys ‘R’ Us stores in Tennessee and across the country will remain open even though the company is filing for bankruptcy. The struggling company has filed under Chapter 11, a type of bankruptcy...
View ArticleAbout Chapter 11 bankruptcy
A business owner in Tennessee may use Chapter 11 bankruptcy to reorganize a company if it’s saddled with substantial debt. While this type of bankruptcy is usually associated with corporations, small...
View ArticleChapter 11 bankruptcy for individuals
Tennessee consumers who are in debt may be eligible to file for Chapter 11 bankruptcy. Despite popular belief, the Chapter 11 bankruptcy is not intended only for companies. Individuals who are not able...
View ArticleRemington announces bankruptcy plans
Tennessee residents have used firearms manufactured by Remington to hunt or protect their property for two centuries, but declining sales have placed the future of the North Carolina-based company in...
View ArticleChapter 13 bankruptcy and vehicle ownership
Tennessee residents who have substantial debts may use the Chapter 13 bankruptcy process to address them if they have a regular source of income. This type of bankruptcy requires the court to approve a...
View ArticleThings to avoid when considering business bankruptcy
If your business is struggling financially, filing for Chapter 11 bankruptcy may be your best option. When considering bankruptcy, there are three steps you should avoid: undefined 1.) Getting further...
View ArticleHow leases are treated in Chapter 11 cases
If a person leases land in Tennessee or anywhere else, it may be possible to retain an unexpired lease after filing for Chapter 11 bankruptcy. However, there must be an explicit acceptance of that...
View ArticleCommon reasons small businesses turn to bankruptcy
Tennessee is home to more than 600,000 small businesses, enterprises that account for 99.4% of all businesses within the state. These companies employ 1.1 million people here and help keep the economy...
View ArticleHow can filing for bankruptcy help your business?
Filing for bankruptcy in Tennessee doesn’t have to mean the end of your business. In fact, filing for bankruptcy could actually help you eliminate debts and make your business profitable again. You...
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