If a small business files for bankruptcy and does NOT specifically elect to be a Subchapter V bankruptcy then it will automatically be a Small Business Bankruptcy under the prior existing law.
SMALL BUSINESS CHAPTER 11 BANKRUPTCY
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Chapter 11
Guitar Center files for Chapter 11 Bankruptcy
Guitar Center filed for Bankruptcy on November 22, 2020 in the Eastern District of Virginia. The Coronavirus has taken a financial toll on a number of large retail stores, including Guitar Center. In addition to selling guitars and other musical instruments, Guitar...
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....
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...
Small Business Bankruptcy for South Jersey Restaurants
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...
Landlords of Tenants that Filed for Bankruptcy
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...
CORONAVIRUS CONTRIBUTES TO LARGE RETAILERS FILING BANKRUPTCY
The Coronavirus Pandemic has taken a toll on all sorts of businesses and giant retail chains are no exception.
Hospital Bankruptcy Crisis
People from Philadelphia Pennsylvania and its surrounding suburbs, including southern New Jersey are probably aware of the fact that the entities that own Hahnemann University Hospital and St. Christopher's Hospital for Children in Philadelphia filed for Chapter 11...
First Day Orders in Chapter 11 Bankruptcy Cases
When a Chapter 11 business bankruptcy is filed, as a general rule the debtor company cannot pay prebankruptcy debts until a plan or reorganization is approved many months letter. However, in certain circumstances the inability to pay certain prepetition debts can put...
USA Gymnastics files for Chapter 11 Bankruptcy
USA Gymnastics filed for Chapter 11 Bankruptcy. https://people.com/sports/usa-gymnastics-files-for-bankruptcy/ The Chapter 11 is to allow USA Gymnastics to reorganize and to deal with claims in the wake of the multple sex abuse allegations. USA Gymnastics...
