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Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy is a legal process designed to give individuals, small business owners and large corporate entities relief from crushing debt. Debtors are allowed to retain most of their assets so long as they are statutorily exempt from seizure by the bankruptcy trustee to distribute...
Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Los Angeles Based American Apparel Files for Bankruptcy: October On October 5, 2015, American Apparel filed for Chapter 11 bankruptcy in Delaware, capping a 25 year run from wholesaler to controversial retailer of young American fashion. Whether American Apparel emerges from...
Debt Settlement Los Angeles: The Difference Between Debt Settlement and Bankruptcy

Debt Settlement Los Angeles: The Difference Between Debt Settlement and Bankruptcy

As a business owner, it is extremely discouraging to be on the brink of financial ruin. After all of the hard work, time, money and resources you have invested in your business, this can’t be the end, can it? Fortunately, it doesn’t have to be. Countless L.A. business owners have...
How to Delay Debt Payments When You File for Chapter 11 Bankruptcy

How to Delay Debt Payments When You File for Chapter 11 Bankruptcy

Individuals who start companies with little business experience often find themselves overextended or with poorly negotiated contracts that leave them reeling in debt. Managing debt, following proper accounting principles, and collecting on accounts are vital to keeping any...
Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Recently, Curtis James Jackson III, better known as the music , 50 Cent, filed for Chapter 11 bankruptcy protection. The move came after the entertainer was dinged for a $7 million dollar civil verdict in an invasion of privacy lawsuit brought by Lastonia Lewiston. Ms. Lewiston’s...
Detroit's Recovery After the Largest Municipal Bankruptcy Filing in History

Detroit’s Recovery After the Largest Municipal Bankruptcy Filing in History

When any city or municipality files for bankruptcy, it can raise eyebrows within the state since we expect our local governments to operate somewhat efficiently. But when a major metropolitan entity like Detroit files, the entire country takes note and experts argue and search...
Determining the Right Type of Debt Relief for Your Los Angeles Business

Determining the Right Type of Bankruptcy Relief for Your Los Angeles Business

It takes money to make money is a popular phrase in the business world, but when the second half of that saying is not coming true when it needs to happen, it might be time to think about debt relief options. Bankruptcy might be the answer you are looking for. The Truth About Los...
Giving-Your-Business-a-Fresh-Financial-Start-After-a-Chapter-11-Bankruptcy.

Giving Your Business a Fresh Financial Start After a Chapter 11 Bankruptcy

About 50% of businesses fail in their first 5 years according to Gallup, although a Forbes analysis put the failure rate as high as 80% for new businesses within their first 18 months. Regardless, these figures should not discourage anyone from starting one or even continuing...
Why so many Solar Companies Are Going Bankrupt

Why so many Solar Companies Are Going Bankrupt

Tesla founder Elon Musk recently unveiled a new system of batteries for businesses and homes that he claims will “fundamentally change the way the world uses energy.” The solar industry of tomorrow has indeed seen a big launch in the 21st Century, and big companies like SolarCity...
How the Pasadena Playhouse Survived Chapter 11 Bankruptcy

How the Pasadena Playhouse Survived Chapter 11 Bankruptcy

After being dark for three months, the Pasadena playhouse, established in the 1920’s, made a difficult decision and chose to file for Chapter 11 bankruptcy in 2010; making it the second Southern California arts organization to file for bankruptcy amid California’s strained...
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