For businesses in Salem struggling with debt, the best course of action to resolve those debts while still maintaining ongoing operations may be to seek bankruptcy protection. Businesses in such a situation that are considering bankruptcy may think that there options...
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Business & Commercial Bankruptcy
Hastings looking for ways to keep its doors open
An important element of maintaining a thriving business in Salem is being able to adapt to changes in the market that are driven by consumer demand. However, there may be times when those changes occur so rapidly or prove to be so extensive that virtually no company...
Drop in oil and gas prices drives energy company into bankruptcy
Nearly all businesses in Salem may be subject to the fluctuations of the market, yet some may feel it much more than others. As consumer demand ebbs and flows, the hope is that those companies experiencing a crunch have the financial support needed to endure such...
The importance of an accurate asset valuation
For the Salem businesses that we here at The work with, one of the most important tasks associated with their impending bankruptcies is obtaining reliable and accurate valuations of their business assets. If you and your company are...
Retaining your accounts receivable through bankruptcy
More often than not, the companies that come to see us here at The hope to continue operating after their cases have been discharged. If this adequately describes your situation, then reorganizing your debts and finances through a Chapter...
Protected small business assets during bankruptcy
Not all of the business owners that we here at The help work their way through bankruptcy are hoping to reorganize their companies through a Chapter 11. Some are sole proprietors or small business owners buried under a mountain of both...
Snowstorms to blame for company’s bankruptcy
For both private citizens and companies in Salem, there may be many reasons why the need to file for bankruptcy protection could arise. Most would assume those to be related to a company’s operations or a person’s inability to manage his or her money effectively....
The business bankruptcy repayment schedule
Managing debt is a challenge that nearly every Salem business owner has to face. In those cases where such debts begin to seem insurmountable, then the realistic assessment as to their abilities to pay them off may be necessary. If repayment is not possible,...
Do you qualify as a small business debtor?
For those Salem companies that are looking to bankruptcy as their chance to discharge their debts and start again under a new corporate structure, then the challenge of dealing with creditors’ committees and other parties lies ahead as they work their way...
Choosing the right bankruptcy case for your business
A good number of the clients with whom we’ve worked here at The have come to us with their business in a state of financial ruin. If your small business has been engulfed by debt and bankruptcy appears to be your only option, you may...
