Pendergraft & Simon, L.L.P. Legal Blog
Addressing redundancy can be dangerous during a merger
Merging two existing businesses or two offices or departments of an existing company can make your operations more efficient and reduce your business’s expenses. However, a big part of reducing those costs usually stems from eliminating redundant positions and either changing people’s work responsibilities or eliminating the excess positions. Needing to eliminate a number of…
When your business isn’t thriving, is it better to sell or file for bankruptcy?
If you don’t think that it is financially viable to keep running your business, it’s important to consider all of your options. The first one you think of may be bankruptcy, such as using Chapter 11 or Chapter 13 to restructure or reorganize your finances to keep the business afloat. It is possible, in many…
Reasons to choose Chapter 7 bankruptcy
If your finances are a wreck and you qualify for Chapter 7 bankruptcy, it never hurts to learn more about the process and how it will benefit you. As you become familiar with the benefits, you may soon realize that a Chapter 7 bankruptcy is the best way to reset your finances with an eye…
