WENDY’S MAY BID FOR THE BANKRUPT NPC’s RESTAURANTS According to a federal securities filing, Wendy’s is looking at a bid for nearly 400 restaurants operating under the brand name NPC International (bankrupt franchisee). The company stated that it could bid with a select franchisee for nearly 400 of the operator’s locations in a filing. The […]
Perkins is Ready to Grow, Fresh From Pandemic and Bankruptcy Michael Abt, CEO at Huddle House, said that Perkins’ brand was not “fundamentally broken”. Huddle House bought Perkins from bankruptcy in September 2019. He explained that the business’ core was strong, although under-managed, over-leveraged, and lacking an effective growth plan. Bankruptcy removed the leverage, and, to […]
What You Should Know Before Filing For Bankruptcy Here’s how bankruptcy works if you’re thinking about it. You may be considering bankruptcy if your obligations have grown overwhelming or you face foreclosure on your house. While bankruptcy may be the only option for some, it comes with significant implications that should be considered before making […]
A Review of Chapter 11 Bankruptcy Chapter 11 bankruptcy allows struggling businesses to restructure and maximize their return to creditors and owners. In the past, only large corporations were able to afford Chapter 11 bankruptcy. Chapter 11 has improved and is now available to large corporations. And small businesses can be used to keep your doors […]
How to Find a Bankruptcy Attorney How to Choose a Bankruptcy Attorney The process of choosing a bankruptcy lawyer involves two steps. Interview the candidates that match your criteria, and then keep the one you like the best. So, you’re in deep financial trouble. You are behind on student loans, mortgage, and car payments. Six credit cards […]
What You Need to Know About Neiman Marcus’ Bankruptcy The Neiman Marcus Group is only one of the many major retailers that are being severely affected. The coronavirus pandemic impacted the growing number of brands that have filed for Bankruptcy. The coronavirus pandemic and its large debt load have severely affected the retailer aged 113 […]
Modell’s Files For Bankruptcy and Intends To Liquidate Its Assets In New Jersey, Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection. The family-owned retailer will begin liquidation sales in all of its locations, with online sales continuing throughout the process. Mitchell Modell, the company’s fourth-generation owner, attempted unsuccessfully to rally support from the firm’s […]
What is Chapter 7 Bankruptcy, And How Do I File It? Under the protection of a federal judge, Chapter 7 bankruptcy can eliminate many types of excessive debt. While some assets, such as high-end jewelry and vehicles, may have to be surrendered, most filers do not need them. Chapter 7 bankruptcy is the most popular and fastest […]
What Is The Best Time To File for Bankruptcy? Contrary to popular belief, declaring bankruptcy isn’t the end of the world. This could be the opportunity to make the start you have been looking for. Bankruptcy laws were designed to give people a second chance and not penalize them. This doesn’t mean you should declare […]
What Will Happen If I File For Bankruptcy? You will file a petition in federal court after you declare bankruptcy. Your creditors will be notified of your bankruptcy petition and will be required to cease pursuing any debt you owe once it is filed. The court will next ask you for specific details, such as: […]