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Chapter 11

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 Inc., filed for Chapter 11 bankruptcy. This filing followed an attempt to restructure the […]

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Chapter 11

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, says that 323 small Sacramento-Arden-Arcade-Roseville regional firms filed for bankruptcy protection in the […]