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As the most complex type of bankruptcy, Chapter 11 bankruptcy can be confusing and misunderstood, especially because it is very different from other types of bankruptcy. At Wernick Law, we concentrate the majority of our practice on Chapter 11 debtor…
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Chapter 11, Subchapter V of the U.S. Bankruptcy Code contains special provisions for a small business bankruptcy process that is more streamlined and less costly than the standard Chapter 11 business bankruptcy process. If a small business or individ…
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A business owner who considers filing for bankruptcy often asks whether the business can continue to operate after they file bankruptcy. The answer largely depends on the chapter of the U.S. Bankruptcy Code under which the business files. At Wernick…
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In a bankruptcy proceeding, the Bankruptcy Code authorizes the trustee (or the debtor in possession if the case is a chapter 11) to initiate legal actions within the bankruptcy case to recover funds distributed by the debtor to entities or individual…
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When employees learn their employer has filed for Chapter 11 bankruptcy, they rightfully worry about the future of their jobs. Complex provisions of the United States Bankruptcy Code that govern Chapter 11 proceedings address employee compensation an…
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Understanding how to file for bankruptcy chapter 11 is helpful information for anyone considering whether to file for this particular chapter of bankruptcy. It’s also important to know that Chapter 11 bankruptcy, the most complex type of bankruptcy…
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