Menu
The Subchapter V debt limit can determine whether a small business gets access to a streamlined bankruptcy process or faces the added cost and complexity of a traditional Chapter 11 case. For a brief time, there was a $7.5 million threshold. That num…
Read More
The lease seemed like a good idea at the time. The location was perfect, customers knew where to find you, and business was growing. Then something changed: Revenue dropped, expenses increased, and that same lease became one of the biggest obstacles…
Read More
A person contemplating bankruptcy may benefit from considering Chapter 11 reorganization instead of Chapter 7 liquidation or Chapter 13 wage earner debt adjustment. Under Chapter 11, an individual remains in possession of their property under protect…
Read More
Completing the Chapter 11 bankruptcy process provides a business owner with the opportunity to rebuild, reorganize, and restructure the company to be stronger and more efficient. Going forward, compliance with the approved Plan of Reorganization is e…
Read More
Business owners who file for Chapter 11 are understandably concerned about the effect of the bankruptcy on their brand and marketing. Developing a proactive, positive marketing strategy that aligns with business objectives can preserve and even impro…
Read More
Successful completion of Chapter 11 bankruptcy enables a business to regain financial viability through a reorganization and restructuring process. Valuation issues are a critical part of the process. In many Chapter 11 cases, the business owner reta…
Read More
In a Chapter 11 bankruptcy case, a primary goal is securing creditor approval of the Plan of Reorganization proposed by the debtor-in-possession. If creditors object to the Plan, a debtor may request that the court utilize a provision in the Bankrupt…
Read More
When a business owner considers filing for Chapter 11 bankruptcy, understanding the timeline of the process is crucial. After a case begins, it proceeds under specific, detailed timeframes, with deadlines that must be followed. In this discussion, ou…
Read More
Overwhelming debt is often the reason that a business considers filing Chapter 11 bankruptcy. In addition, a business owner may face the financial burden of one or more civil actions in state court. When that is the case, a bankruptcy proceeding affe…
Read More
Chapter 11, which can be a reorganization, is a legal process established by the U.S. Bankruptcy Code. The Chapter 11 procedure enables a business to benefit from bankruptcy court protection while reorganizing operations and restructuring finances to…
Read More
© 2026 Wernick Law, PLLC
| View Our Disclaimer | Privacy Policy