Articles Posted in News

It is not just individuals or businesses that can file for bankruptcy. If a municipality falls into hard times, it too can declare bankruptcy. This is what happened to Jefferson County (a county in Alabama). Jefferson County filed for bankruptcy protection in November 2011, becoming the largest municipal bankruptcy case in the United States. However,…

Running a business can be a difficult thing, and many businesses face financial troubles at one time or another. Even businesses that some might think are immune to financial pressures can end up in financial trouble. Some might think that being a doctor can make you immune from financial troubles, but even doctors sometimes need…

When a company is facing tough economic times, there are many decisions to be made and discussions to be had on how to bounce back. Many times, a company is able to make a few changes and add a few cost saving measures to get back on track. But in some cases, the company is…

Running a business can be difficult in any economic time. But if the owner falls into hard times, it may cause the business the fall behind on debts. If the business falls too far into debt, the business owner may not have many options. One available option is to file for business bankruptcy. This is…

Owning a business means going through many ups and downs. If a business begins experiencing more downs than ups, creditors may begin putting more pressure on the business owner to pay up. If the owner has more debt that money coming in, one option to get out from under the mounting debt is business bankruptcy.…

Running a business is a complicated and difficult task. Trying to run a business in a down economy is almost impossible. This unfortunately forces many business owners to file for business bankruptcy to get out from under the debt. The most recent business that has had to turn to Chapter 11 is Sacramento’s Le Rivage…

Businesses in Sacramento and elsewhere are successful due to many parts working together simultaneously. When the economy is struggling, it is even more essential for a business to have all its pieces working in harmony. But if one part stops working, then the business may choose to file for business bankruptcy. Hostess Brands Inc. is…

California residents know that this economy has taken its toll on many businesses. The economy has resulted in several companies having to seek business bankruptcy protection. Journal Register Co. is another business that is seeking the protection of bankruptcy. This is the second time in three years this company has sought this protection. The company…

The current economic downturn, combined with the drought in the Midwest, has created a serious situation for many California dairy farmers. Many are turning to filing for Chapter 12 bankruptcy in order to try and survive this tough time. The issue is that with the drought causing the cost of many crops such as corn…

The number of businesses in the Sacramento area filing for bankruptcy has fallen over 31 percent since January of 2012. Business bankruptcy has been commonplace since the economic downturn in 2008, but it can be a good thing for businesses looking to reorganize and restructure debt, similar to the way an individual can file for…