Browsing Tag

bankruptcy

You Get What You Pay For

Jeff runs a restaurant that has  fallen on hard times as the result of the COVID-19 pandemic, leaving him shy of revenues, and full of legal issues to manage, including whether and how he should reopen his restaurant, how he should manage…

There Is More Than One Way to Close a Business

Bob owns an independent bookstore, aptly named Bob’s Books.  After many successful years, e-commerce has unfortunately taken its toll, and Bob cannot compete with the large e-tailers.  In addition, the neighborhood around Bob’s Books has…

How Bankruptcy Can Save Your Business from Eviction

The current COVID-19 pandemic has led to unfortunate and recurring scenarios like the following: Ralph owns a small furniture store in a shopping center in suburban America.  The shopping center is owned by a large conglomerate, with…

When Bankruptcy Is a Good Thing

Three components of this new law. The story, unfortunately, is a common one: Joe owns a great restaurant, the Mediterranean menu is terrific, the service is wonderful, and the place always seems packed.  But, Joe has taken out a…