Bankruptcy Blogs

When a business is struggling to meet its debt obligations filing for Chapter 11 bankruptcy may provide some relief.  Chapter 11 allows businesses the opportunity to restructure their debt without having to liquidate any of their assets. Furthermore, as soon as the Tampa bankruptcy lawyer files the petition for Chapter 11 protection the debtor will [...]

W.R. Grace & Co. is seeking bankruptcy-court permission to compete at an auction for a “highly confidential potential strategic transaction” as it awaits the final word on its Chapter 11 exit plan. Read the Daily Bankruptcy Review story here.

Borders Group, Inc. and its affiliated debtors filed their monthly operating report for May (1-28) yesterday with the bankruptcy court in New York.  Borders, which filed for bankruptcy protection in February, is seeking buyers for its assets, with the expectation that the companies’ future will be decided in the next few weeks. Among the highlights [...]

In the past, bankruptcy was thought of as something that is taboo, something you just didn’t talk about. This is no longer the case. Today, more and more people are starting to see the benefits of bankruptcy and learn about the protections of bankruptcy and are seeing bankruptcy as a socially acceptable and responsible thing [...]