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Topic: Chapter 11

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ResCap files Its Chapter 11 Plan

Running a business can be great. However, it is always possible for a business to fall into hard times, and when it does, it can be difficult to recover. One option for businesses that are in financial trouble is chapter 11 bankruptcy. Residential Capital LLC (ResCap)...

California Electric Car Company Files for Chapter 11 Bankruptcy

Trying to run a business is never an easy task. But the recent economic times have made this task remarkably more difficult. It does not take many missed or late payments before creditors begin harassing a business for money owed to them. In many cases, the best way...

Bankruptcy Leaves Sacramento Kings One Step Closer to Leaving Town

A previous post discussed that Bob Cook, a minority owner of the Sacramento Kings, had filed for chapter 11 bankruptcy. At the time, the trustee in the bankruptcy case was pushing for a sale of Mr. Cook's minority share in the Sacramento Kings to Chris Hansen, who...

Retailer Cites Sandy in Chapter 11 Bankruptcy Filing

Many businesses, especially smaller businesses, can feel the effects of any change in their local economy. For example, if a tourist area in California known for skiing has a long and snowy winter, the businesses in the area will thrive. It also works the opposite...

Protections Are Available for Struggling Businesses

Chapter 11 is a form of business bankruptcy. It is a way for struggling businesses to restructure their debt and potentially continue to operate. It also protects companies from creditor actions against the company. Recently, a palm tree farmer, Cocopah Nurseries...

Sacramento-area businesses still seeking bankruptcy protection

The Sacramento, California, area saw a decline in small business bankruptcy filings for the first quarter of 2012. Compared to the first quarter of 2011, small business filings are down 27.4 percent. Equifax, one of the nation's top three credit reporting agencies,...