Lawyer is explaining about the wrongdoing laws regarding fraud to the client at the office.

How Does Chapter 11, Subchapter V Small Business Bankruptcy Work?

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… Read More
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Close-up of a bankruptcy petition

Can a Business File Bankruptcy and Stay Open?

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… Read More
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Low income man checking his home finances and looking worried.

The Bankruptcy Clawback Process

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… Read More
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Man holds Bankruptcy Chapter 11 agreement documents.

What Happens to Employees When a Company Files Chapter 11 Bankruptcy?

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… Read More
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Businessman reads Bankruptcy Chapter 11 book.

How to File for Bankruptcy Chapter 11

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… Read More
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