A fashion retailer with multiple locations in Massachusetts recently decided that it needed to tackle its financial problems in an aggressive fashion. It has therefore filed for Chapter 11 bankruptcy. As part of the bankruptcy process, the retailer -- Charlotte Russe -- is planning to close around 94 locations and...

A hospital in another state recently decided that it needed to be aggressive in addressing its subpar financial situation. The community hospital decided to file for Chapter 11 bankruptcy. In the same way, Massachusetts companies that are struggling financially have the right to seek protection under the Bankruptcy Code.

The health...

A beef company based in another state recently determined that its financial problems needed to be tackled in an aggressive manner. For this reason, the company decided to file for Chapter 11 bankruptcy protection. According to company officials, the move will help with facilitating the company's ongoing process of selling its assets, and ensure that...

A chain cupcake business based in another state recently decided that it needed to take drastic action in light of its dire financial situation. It thus decided to file for Chapter 11 bankruptcy. Companies in Massachusetts that find themselves with more liabilities than assets may benefit from doing the same...

A linen services company in another state recently determined that its financial challenges required action. It filed for Chapter 11 bankruptcy protection. Companies in Massachusetts that are having similar problems with staying afloat financially can also seek bankruptcy protection with the goal of coming back stronger than ever.

The Atlas company provides...

The sixth-largest coal business in the United States recently decided that it needed to tackle its debt situation aggressively. It filed for Chapter 11 bankruptcy protection. Companies in Massachusetts that are experiencing similar debt problems can likewise seek bankruptcy protection in an effort to break free from their overwhelming debt.

Westmoreland Coal...

A marketing company in another state recently determined that it needed to take dramatic steps to eradicate its financial troubles. The company, Catalina Marketing, thus decided to file for Chapter 11 bankruptcy. Any company in Massachusetts that is similarly struggling financially can make the same move as part of a...

A broadcaster based in another state recently decided that its dire financial situation required drastic measures. It therefore decided to file for Chapter 11 bankruptcy. Companies in Massachusetts can likewise take advantage of this debt relief remedy if they are in financial holes they cannot seem to climb out of...

David's Bridal, the biggest wedding retailer in the nation -- with locations in Massachusetts -- recently determined that it needed to address its subpar financial situation. It therefore decided to file for Chapter 11 bankruptcy. However, the company does plan to remain in business.

David's Bridal currently has debt totaling several...

Sometimes, a business's liabilities end up outweighing its assets, thus driving the business owner to file for bankruptcy protection. An important role that you may seek to assume during a company's Chapter 11 bankruptcy process is that of a receiver, or a trustee. Here is a glimpse at what the receivership...