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The so-called Great Recession had an adverse impact on millions of Americans. As banks failed and the stock market plummeted, U.S. companies of all sizes struggled to remain profitable. Many were forced to reduce their workforces and accrue debt. Today, economists...
Seventy years ago the New York City Opera was founded. After working to bring opera to the public, it recently was forced to filed a Chapter 11 bankruptcy case. Apparently the Opera's last-ditch effort to raise $7 million fell short. The opera company claimed it has...
We recently came across an article predicting 10 brands sold in America that will disappear before 2014. The criteria used to make the predictions are listed as: Declining sales and losses Disclosures by the parent of the brand that it might go out of business Rising...
According to a recent MoneyCNN.com article, many doctors are being pushed into filing for bankruptcy protection. While many physicians are able to keep their practice going after their bankruptcy filing, for some it ends their career. According to the article , it is...
If you are a small business owner facing financial struggles, it is likely you have incurred a significant amount of personal debt trying to keep your business afloat. It is important to seek the advice of competent bankruptcy counsel to discuss the possibility of...