CHERRY HILL
856-254-2196
PHILADELPHIA
215-647-9891
MAPLE SHADE
856-254-2196
WILLINGBORO
856-254-2196
SICKLERVILLE
856-254-2196
TOLL FREE
800-759-0767
CHERRY HILL
856-254-2196
PHILADELPHIA
215-647-9891
MAPLE SHADE
856-254-2196
WILLINGBORO
856-254-2196
SICKLERVILLE
856-254-2196
TOLL FREE
800-759-0767
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.
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....
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...
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...
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 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...
The Coronavirus pandemic has had a significant negative financial impact on Restaurants. While some restaurants have survived because of the takeout aspect of the business, for many restaurants in cities and towns like Cherry Hill NJ, Maple Shade NJ, Willingboro NJ...
The Coronavirus Pandemic has not only had detrimental impact on retail stores and restaurants, but it has had a huge impact on the Landlords that rented space to those struggling businesses. If a tenant files for a Chapter 11 Bankruptcy, what are the Landlord's...
When a business files a bankruptcy, under certain circumstances the bankruptcy trustee can assert a preference claim against certain creditors and take back from those creditors money previously paid to the creditor by the debtor. For example, if within 90 days of the...
The new Small Business Reorganization Act was signed into law by President Donald Trump on August 23, 2019 and goes into effect in February 2020. The changes are long over due. Filing a Chapter 11 bankruptcy for a small business has been problematic because it is more...
