Articles Posted in Business & Commercial Bankruptcy

Running a business can be both a rewarding and difficult experience. When the economy changes, it can substantially affect a business owner’s ability to run their business. Sometimes, the only way for the owner to get their company out of a tough situation is to file for business bankruptcy. On Tuesday, a bankruptcy judge allowed…

It doesn’t take much of a change in the economy for a business to be affected. Once an owner falls behind with one creditor, it doesn’t take much more to fall behind with most of them. This can leave a business in serious debt that the owner may or may not be able to get…

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…

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…

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…

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.…

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…

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…

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…