Posts Tagged ‘chapter 11’
Tips for Client Management of Financial Distress Issues: How can you help your business and individual clients who find themselves at risk?
Women Owned Law, December 7, 2018
Read MoreThe Small Business Reorganization Act of 2018 features Affordable Price Points & Expedited Process
The Small Business Reorganization Act of 2018 features affordable price points and expedited process for small businesses with a debt load of $2.5 million or less. The goal is to encourage and facilitate the rebuilding and retooling of small businesses in our turbulent yet very entrepreneurial economy. The proposed law provides incentives for owners who…
Read MoreITT Tech Student Loans Settle in Bankruptcy versus other Government Loans
ITT Tech student loans settle in bankruptcy and will be paid out assuming that ITT’s bankruptcy estate has sufficient funds. The settlement that will erase nearly $600 million that 750,000 students owed ITT Technical Institute. The agreement will also refund $3 million that students paid the for-profit chain. The students asserted a $1.5 billion claim…
Read MoreBitcoin Mining Pioneer GigaWatt Seeks Bankruptcy Protection
Bitcoin mining pioneer, GigaWatt, seeks Chapter 11 bankruptcy protection in Spokane, Washington. The filing is the latest twist in an entrepreneurial saga stretching back to the early days of bitcoin and may be connected to efforts by three of the company’s majority shareholders to sell GigaWatt. One of its co-founders, David Carlson, a former Microsoft…
Read MoreUpdate: Attention Brides! David’s Bridal has filed for Chapter 11 Bankruptcy
A Chapter 11 bankruptcy case has been filed in Delaware by Conshohocken PA based wedding gown retailer David’s Bridal Inc. A Chapter 11 plan was filed with its Chapter 11 petition, so that this “pre-packaged bankruptcy case” should go through a speedier approval process than a regular bankruptcy case, as all major creditors have already agreed…
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