Pendergraft & Simon, L.L.P. Legal Blog
What is the difference between a merger and an acquisition?
Mergers and acquisitions are often talked about together as if they are close to being the same thing, but the truth is that these are very different actions that corporations and small businesses can take. They do share some qualities — such as changes to the ownership structure — but there are also key differences….
Can you eliminate your rent costs in a business bankruptcy?
Business bankruptcies can help a company restructure if there is potential for it to continue operating. In situations where future operations seem impossible, bankruptcy can also be a way for the company to discharge its debts as it begins the process of dissolution. Whether you hope to continue the company or need to shut it…
How does an automatic stay work in bankruptcy?
One of the most traumatizing things about owing money is when the debt collectors try to get their money, but you don’t have it to give to them. Bankruptcy is one option that some people opt to utilize, so they can get ahold of their finances. Filing bankruptcy puts a stop to the collection attempts…
Restructuring can reduce costs but can also lead to big expenses
Restructuring as part of a business bankruptcy filing can be challenging and beneficial. Your company can reduce its redundancies and operating expenses without necessarily sacrificing performance. Laying off or terminating employees with poor performance records or whose jobs overlap with someone else’s can eliminate hundreds of thousands of dollars in annual liabilities for the business,…
