Category: Bankruptcy

American Apparel Files For Bankruptcy Protection

What had seemed like a real success story hit a roadblock earlier this month. Homegrown clothing retailer and manufacturer, American Apparel, has filed for Chapter 11 bankruptcy. According to a Consumerist report, the company plans to cut its $300 million debt by almost $200 million in exchange for equity.

RadioShack’s Complicated Bankruptcy

As a business owner, you deal with risk every day. According to the Bureau of Labor Statistics, less than 50 percent of small businesses survive past the four year mark, and only 65 percent last for two years. If your business is a restaurant, chances are you won’t even last a year. Even long established […]

Too Much, Too Fast, Too Soon

We’ve all heard the story: talented young athlete or entertainer quickly makes millions of dollars and loses it just as fast. In some ways it’s understandable. Many people who get famous fast come from humble beginnings where money is tight, and then suddenly have more than they ever dreamed of. The combination of humble roots […]

Rebounding from a Bankruptcy

Filing for bankruptcy can give you a new start on life. For many, bankruptcy is the only way to eliminate debt in a timely manner. However, bankruptcy does not come without a cost. There are a number of consequences that result from filing for bankruptcy. These issues are not insurmountable if you meet them head-on. […]

Best Bankruptcy Options for Small Businesses

California Bankruptcy

There are difficult decisions that must be made when a small business becomes inundated with debt. Choosing which bills to pay, which bills to put off, and which employees need to go is stressful. Before making any major decisions, it may be in your best interest to research Chapter 7 and Chapter 11 bankruptcies. Filing […]

Tips When Considering Bankruptcy

If you are receiving calls from collection agencies, it is time to review your options. You may want to evaluate the opportunities available to you before you’ve fallen behind on payments. Bankruptcy, for example, is ideal for many consumers and small business owners who are facing debt that they simply cannot bear. Filing for bankruptcy […]