Business & Commercial Bankruptcy

Recent Posts in Business & Commercial Bankruptcy

  • Chapter 11 filings declining

    Illinois business owners may be interested to learn that the rate of filed business bankruptcies is falling across the country. Illinois Chapter 11 filings, however, demonstrated the largest gain in the country in 2014, increasing by 6 percent since ...
  • Aereo permitted to auction technology assets

    In dealing with a significant amount of debt, an Illinois resident or business might decide to sell off material goods to satisfy some of their obligations. Such is the case for Aereo Inc., a video streaming company that has filed for Chapter 11 ...
  • Understanding corporate bankruptcy

    Investors in Illinois may benefit from learning more about the principles of corporate bankruptcy as described by the Security and Exchange Commission. A company may go out of business entirely if it files for Chapter 7 bankruptcy, and investors may ...
  • During bankruptcy, a trustee is assigned to assist with the process. In Chapter 11, the U.S. trustee's role is important in monitoring the case as it progresses and in supervising how the case is administrated. Additionally, the trustee is ...
  • What is Chapter 11 bankruptcy and how does it work?

    Illinois businesses may be familiar with a form of bankruptcy that allow a business to reorganize debt and refinance it in order to prevent final liquidation. While some individuals qualify for Chapter 11 bankruptcy, it most often involves ...
  • Thinking about business-related debt loads

    The entrepreneurial spirit has long been praised throughout American history. Ours is a society which prides itself on invention, innovation and expansion. As a result, many people of all ages find themselves itching to start their own businesses. ...