Articles Tagged with Chapter 11 bankruptcy

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

The popular children’s toy store, Toys R Us has decided to close all of its United States store and liquidize assets after failing to survive the bankruptcy it filed last year. In 2017, Toys R Us filed a Chapter 11 bankruptcy in an effort to get a handle on almost $5 billion in debt. The company filed for Chapter 11 in September of 2017. The holiday shopping season was not as successful for Toys R Us as the company would have hoped, and they were unable to follow their debt plan and survive bankruptcy. As such, the company switched their bankruptcy to a Chapter 7 liquidation option instead, according to USA Today.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a small business bankruptcy ?”

A shareholder of the identity verification startup company Jumio Inc. has sued Eduardo Saverin and other former top executives for grossly mismanaging the firm and driving it into bankruptcy.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Will anyone find out about my bankruptcy?”

Bankruptcy judges are people too, in that in their free time, some like to occasionally relax at home and channel-surf.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a small business bankruptcy ?”

The founder of the online media empire Gawker, Nick Denton, just filed for Chapter 11 bankruptcy protection. Denton joins a former editor of Gawker and the company itself in bankruptcy, a chain reaction that started when Gawker lost its fight against Hulk Hogan. The case brought by the former professional wrestler resulted in a massive $140 million judgment against Gawker and Denton. Though the company has said it intends to appeal the verdict, judges so far have refused to stay the decision meaning the money is owed and Hogan is free to begin seizing assets, not only of the company, but of Denton.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

Many people have heard about and may even be familiar with Chapter 7 and Chapter 13 bankruptcies. These two chapters are used by individuals who are in debt and looking for a way to start fresh, either through liquidation (Chapter 7) or reorganization (Chapter 13). But what about Chapter 11? To find out more about Chapter 11 bankruptcies, keep reading.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a small business bankruptcy ?”

Bus manufacturer DesignLine infamously relocated to Charlotte, North Carolina in 2006 from New Zealand and it has been a largely uphill drive for the company ever since.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “How do I file for bankruptcy?”

Once you have committed yourself to filing for bankruptcy in order to take control of your debt, it is one of the first questions you must next face: Where should I file? The question becomes necessarily more complex when a company is looking at filing for Chapter 11 bankruptcy; it is inherently more difficult to determine a particular state of residence for corporations and other business models that have assets and conduct business in multiple states. However, where to file for bankruptcy, known in the legal world as “venue,” is also a common conundrum for individual consumers looking to file for Chapter 7 or Chapter 13 bankruptcy.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

The hits just keep on coming for Caesars Entertainment Corporation. The company is one of the largest gaming companies in the world, owning and operating over dozens of casinos and hotels including Harrah’s.  It filed for Chapter 11 business reorganization bankruptcy in 2014 for $18 billion in debts but the case has been fraught with issues ever since: fraud, a 7-million page investigatory report, one very angry judge, and now, a ruling that an extramarital affair nullifies the entire report.

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Bankruptcy Lawyer Bryan W. Stone answers the question “Do I need an attorney to file bankruptcy?”

Most people fear that filing for bankruptcy brings your life (or at least the financial aspects of your life) to a grinding halt. While bankruptcy is certainly an important financial decision that carries the possibility of significant impact, life moves on as it’s supposed to. In fact, the bankruptcy system is designed to ensure that people are able to carry on; carry on with their lives, their jobs and their financial affairs.

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Bankruptcy Lawyer Bryan W. Stone answers the question “What is Chapter 11 Bankruptcy?”

It’s sadly an all too common story these days, a claim of sexual abuse arises in a small town or city and, not too long after that, many more claims emerge, with victims feeling safe enough to come forward with their own stories. Adding insult to injury, these sexual abuse cases have frequently led to bankruptcy filings, with the churches responsible for paying the verdicts seeking ways to help avoid the potentially crushing financial burden of dozens of million dollar payouts.