It may sound contradictory, but bankruptcy can be very beneficial for a business. Filing Chapter 11 bankruptcy can allow a company to reorganize and get its financial feet underneath it, so to speak. Business bankruptcy can also buy a company some time to find a new...
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Month: July 2013
What happens to your 401(k) during bankruptcy?
Whenever someone files for bankruptcy, they will inevitably have questions about the process. Even if they have been through it before, bankruptcy is far from the simplest of processes; so they will want as much advice and help as possible to get through their Chapter...
Hostess emerges from bankruptcy; Twinkies are back
They're back. Twinkies, arguably New Hampshire's favorite sugary junk food, disappeared from shelves this winter after the company that makes the snack cakes, Hostess Brands, went bankrupt. Now, Twinkies are back in stores because Hostess was purchased by Apollo...
File for bankruptcy to prevent medical debt from keeping you down
There are few things you can count on this world, but one thing we all know will happen is that at some point in our life, we will make a mistake. Sometimes, a relationship falls apart because of something we said or did; maybe you choose to go to one event over...
Business debt can prompt individual filings in NH, 24 in June
Bankruptcy provides financial relief to both businesses and individuals. Under the most basic explanation of the bankruptcy process, businesses or individuals who seek relief have two options: straight bankruptcy involving liquidation through Chapter 7 protection or...
