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Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
Four North Texas nursing homes have “overwhelming” safety and quality issues as their parent company navigates bankruptcy proceedings, according to a report from an independent patient care ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
About 800,000 federal employees went without pay for 35 days during the longest-ever U.S. government shutdown in 2018 and 2019. What are the effects of a government shutdown?
Most bankruptcy attorneys predicted that this will result in increased attorneys fees and will make attorneys less likely to take on some cases. In addition, bankruptcy filings are now subject to audit in a manner similar to tax returns. Increased compliance requirements for small businesses. The new law increases the bureaucratic compliance ...
Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 166 pages are in this category, out of 166 total. This list may not reflect recent changes .
Nobody wants to be in a position where filing for bankruptcy is their only escape from debt, and yet, plenty of people have no other choice. 2023 was a particularly painful year in this regard ...