Pendergraft & Simon, L.L.P. Legal Blog
Selling a business to avoid bankruptcy
If your company is struggling to make ends meet, you may be considering bankruptcy. It feels like all you can do to keep up with payroll, much less pay off what you owe. However, without going deeper into debt, you can’t get the materials you need to keep the business going. Eventually, you settle on…
Filing for bankruptcy could save your business
If your business has been struggling to stay solvent and you’ve seen a decline in business, then it may be time to look at restructuring your debts. A Chapter 11 bankruptcy can help you get your finances back in order and renegotiate debts and contracts to help your business be more profitable. A Chapter 11 bankruptcy is…