The Cheesecake Factory Agreed to Settle Allegations That it Misled Investors About How Covid-19 was Affecting their Business Cheesecake Factory agreed to pay $125,000 to settle allegations that it misled investors regarding the effects of the coronavirus outbreak on its business. CAKE Cheesecake Factory told investors that it enabled the chain’s pickup and delivery operations […]
What Happens if You File Bankruptcy Your FREE Bankruptcy Information Headquarters – 50 State bankruptcy laws overview, top 10 bankruptcy questions answered, chapter 7 v. chapter 13, can I file bankruptcy myself? How Does Bankruptcy Work? Bankruptcy law allows you to eliminate all, or a portion, of your debts. First, you’ll want to determine if bankruptcy is […]
According to the official United States courts, online glossary, (that you can view here) bankruptcy is defined as: “a legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code).” What does that mean in […]
Businesses Can File for Bankruptcy In One of Three Ways Small businesses are most likely to fail, The decision is made by the owners whether or not to file bankruptcy. Only about one-fifth, or one-fifth, of new small businesses survived for more than one year between 2005 and 2017. Half of the companies lasted five […]
The role of an attorney in a Chapter 13 bankruptcy is significantly more involved than his role played in a Chapter 7 bankruptcy. The legal analysis required, amount of time spent in court, length of the representation, and complexity are all greater than the responsibilities of a Chapter 7 bankruptcy attorney. Because of this, a […]
The Bankruptcy Means Test: What it Is and Why It Matters The bankruptcy means a test will determine if you are eligible for Chapter 7 bankruptcy. The bankruptcy means a test is used to determine who can file for Chapter 7 bankruptcy debt relief. This test takes into consideration your income, family size, and expenses […]
The Different Chapters Of Bankruptcy Explained The term bankruptcy is well-known in the United States. The federal courts can assist you in filing bankruptcy. But, how can you distinguish between the various chapters of bankruptcy? The United States has six bankruptcy chapters: Chapter 7, Chapter 9, Chapter 11, Chapter 12 and Chapter 13, with Chapter 7 […]
Filing for Bankruptcy has its Advantages and Disadvantages Many people who could be eligible for bankruptcy don’t take advantage of their potential benefits. While bankruptcy filings can have a long-lasting impact on one’s finances, many people feel filing is the best option. Each person’s financial situation will be unique. It can be hard to know when, how, […]
WEWORK FINALLY GOES PUBLIC, KNOTEL FAILURE, AND MORE Spac helps WeWork go public Multiple news sources claim that WeWork is going public. WeWork has reportedly agreed to merge with a blank check firm in a deal valued at $9 billion. This deal will allow WeWork to go public nearly two years after its failed IPO. Newmark […]
McDermott International Declares Bankruptcy McDermott International, Inc. and its debtors (collectively, “McDermott”) were involved in the chapter 11 bankruptcy proceedings. In addition, BankruptcyHQ advice an “Ad Hoc Group,” which included prepetition secured term lenders as well as DIP term lenders. As a result, McDermott, McDermott and the Ad Hoc Group, prepetition LC lenders, ad hoc […]