It is easy to think of bankruptcy as the end of a series of financial failures, especially when the pressures of debt have eroded your quality of life. But bankruptcy is designed to be a new beginning and a clean slate for people who are being harassed by creditors or...
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Chapter 11
New Hampshire company emerges from Chapter 11 bankruptcy
No one gets married thinking of the possibility of divorce, and no one starts a business thinking about how to deal with the hardest of times. But debt can drive people and organizations to extreme measures, and some desperate managers can turn to debt consolidation...
Reorganization can help individuals as well as businesses
When someone is considering bankruptcy, it is difficult to get past the emotional and rational reactions to the concept. Although it is designed to give solace to people struggling with their financial lives, it can feel like failure if bankruptcy is the best way to...
How can businesses best prepare for bankruptcy?
It is never the best sign for a business to consider declaring bankruptcy, but it is not always a vital blow to a company or its brand. Certain types of bankruptcy allow some organizations to continue operations while they work out their abilities to settle debts in...
Is Chapter 11 bankruptcy the right choice?
Bankruptcy is one of those things which everyone knows can happen, but nobody likes to think about -- until debts pile up, and they have no choice.One option for small business owners and individuals alike is Chapter 11 bankruptcy. Unlike a Chapter 7 bankruptcy, which...
How do I know the best kind of bankruptcy for me?
Bankruptcy may sound like failure, but it is often the beginning of success for people with large amounts of debt. The different types of bankruptcy often offer bespoke options to those suffering under too many obligations and liabilities.What are the advantages of...
New Hampshire sees a slight rise in bankruptcies
Bankruptcy sounds like a dirty word when things are going well. Anyone who is experiencing financial success or at least getting by shudders to think of having to go through it. However, for some people who have been suffering with debt for a long time, bankruptcy can...
Reorganization complete for SunEdison after Chapter 11
The reorganization for SunEdison has been completed after the company exited Chapter 11 bankruptcy earlier this month. The company is calling its new footprint significantly smaller than what it was in the past. SunEdison was once a major player in the renewable...
Asset liquidation options for Nashua businesses
Running a business takes quite a bit of energy, time and dedication. No matter how much time and effort you put into a company it can still struggle to the point where bankruptcy is necessary. When your business runs into cash flow issues you have options to help...
Bankruptcy plan for Perfumania approved
The bankruptcy plan for Perfumania Holdings Inc., a retailer that sells perfumes and fragrances, has been approved by the court. The announcement came earlier this week. The company made the announcement that the United States Bankruptcy Court for the District of...
