what can you do if you have a smaller business that is owed money by the Chapter 11 business. There are actually a number of steps that you can take to help maximize your recovery
REPRESENTING CREDITORS IN LARGE CHAPTER 11 BANKRUPTCIES
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Business & Commercial Bankruptcy
New Jersey Retail Stores Continue to Close
The pandemic as well as inflation has led to the closing of numerous retail stores in New Jersey.
JOHNSON AND JOHNSON SUBSIDIARY FILES FOR CHAPTER 11 AGAIN
LTL Management LLC, a subsidiary of Johnson and Johnson, filed a Chapter 11 in the United States Bankruptcy Court for the District of New Jersey in Trenton New Jersey on April 4, 2023.
Bertucci’s Files Chapter 11 And Closes Marlton Restaurant
The Coronavirus has taken its toll on numerous and diverse businesses. Retailers and restaurants are two of the businesses that have been hit the hardest. On December 5, 2022 Bertucci’s Brick Oven Pizza & Pasta filed a Chapter 11 bankruptcy.
Trenton Laundromat Closes and files Chapter 7 Bankruptcy
Undoubtedly the Pandemic hitting just one year after formation had a major impact on the Laundromat. Although both individuals and companies can file a Chapter 7 bankruptcy, there are generally more issues in a Chapter 7. For one, with a business there is often assets to be liquidated. When an individual files bankruptcy, no assets are typically sold because individuals are allowed to exempt (protect) a lot of their assets.
Pandemic Leading to Business Bankruptcies of Companies Large and Small
The pandemic has had a devastating impact on a number of businesses large and small. Some have been forced to file Chapter 7 and close their doors forever. Some have filed Chapter 11 in an effort to reorganize. Certain industries have been hit harder than others....
What happens to franchisees when franchisors file bankruptcy?
When you decided to open a franchise, you selected it based on its strong branding and its reliable likelihood of making a profit. You chose a franchisor that you believed would endure for several years, if not for the rest of your life. Unfortunately, that did not...
Retailers throughout New Jersey feel crunch of bankruptcy
With the rise of online shopping and the economic slowdown of the past few months, many brick-and-mortar retail stores have faced a dilemma: how to continue operations with such small profit margins and such large debts? Some companies have found that their best...
Many franchisees in New Jersey are facing bankruptcy
Opening a franchise can be a lucrative endeavor. Many entrepreneurs view franchises as a wise investment, as the quality and popularity of the franchise’s products and services has already been established. A franchise often has widespread consumer awareness, which is...
Brooks Brothers Group, Inc. Files for Chapter 11 Bankruptcy
Brooks Brothers Group, Inc joined a growing list of large retailers forced to file bankruptcy. The Chapter 11 Bankruptcy https://www.bravermanlaw.com/business-bankruptcy/chapter-11-bankruptcy/ was filed July 8, 2020 in Delaware. While the plan is to reorganize, Brooks...
