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Business & Commercial Bankruptcy

Bankruptcy Reorganization Plan Approved for Beechcraft

Californians know that running a business can be a difficult but fulfilling profession. Entrepreneurship is what this country is built on. But with the rising costs of labor and material coupled with the slow economy, many businesses are struggling. It does not take long for a struggling business owner to quickly get behind on payments […]

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Business & Commercial Bankruptcy

California Power Company Filed for Chapter 11 Bankruptcy

The most recent economic downturn has taken its toll on businesses. Many businesses have been forced to turn to business bankruptcy to survive or move on from a failing business. Business bankruptcy is known as Chapter 11 bankruptcy. Filing for bankruptcy stops all creditors actions immediately, which includes mechanics liens. A power wholesaler and its […]

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Business & Commercial Bankruptcy

California Video Game Company Files for Chapter 11

In a sign of increasing consolidation in the video game market, Agoura Hills, California game publisher THQ has filed for Chapter 11 bankruptcy. THQ is known for publishing games licensed by World Wrestling Entertainment, as well as its “Saints Row” series. The company’s president recently stated that in the current market, only a top handful […]

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Business & Commercial Bankruptcy

California Farm Files for Bankruptcy to Cover $100 Million Debt

The recent economic downturn has affected all different kinds of industries, from agriculture to manufacturing. One California poultry farm has recently chosen to file for bankruptcy to pay off creditors. Zacky Farms LLC owes creditors close to $100 million. Zacky points to the dramatically rising feed costs and heavy debt as the reasons for filing. […]

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Business & Commercial Bankruptcy

Pacific Ethanol Stock Offering to Cover Bankruptcy Debt

The recent economic downturn has forced many businesses to make tough decisions. Many turned to business bankruptcy to keep their companies afloat. Pacific Ethanol Inc. was among those companies which chose a business reorganization in bankruptcy court as a way to get through a tough time. Pacific filed for bankruptcy in 2009 and is in […]

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Business & Commercial Bankruptcy

Are California Pensions at Risk in Bankruptcy?

This period of economic downturn has affected many different financial aspects of businesses. An increasing number of business bankruptcies have affected employee protections such as pensions due to the protections granted to businesses in bankruptcy. The California legislature and Governor Brown recently passed public pension reform that was careful not to affect any current or […]

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Business & Commercial Bankruptcy

California solar manufacturer files for Chapter 11 bankruptcy

A Silicon Valley-based solar manufacturer recently filed for Chapter 11 business bankruptcy protection with hope of reorganizing its business and beginning anew. NovaSolar was created just three years ago when a large thin-film solar manufacturer was broken into two parts. The portion that has now filed for Chapter 11 bankruptcy protection had taken over the […]