Many hospitals across the United States, including in Massachusetts, are experiencing financial difficulties in the modern business landscape. As a result, many of them are filing for Chapter 11 bankruptcy. Companies both large and small can take advantage of this type of bankruptcy filing if they are in dire financial...
Sears pursues Chapter 11 bankruptcy protection
One of the most iconic brands in the United States, with stores in Massachusetts, Sears recently decided that it needed to make a major move to address its financial situation. It therefore decided to file for Chapter 11 bankruptcy protection. The store plans to keep specific stores open while it negotiates...
Mattress Firm files for Chapter 11 bankruptcy
Mattress Firm, the biggest retailer of mattresses throughout the United States, including Massachusetts, recently determined that its dire financial straits required serious attention. It has thus decided to file for Chapter 11 bankruptcy. The bankruptcy comes as the firm's corporate parent attempts to navigate an accounting-related scandal in addition to...
Your business can bounce back from Chapter 11 bankruptcy
When a person in Massachusetts first enters the entrepreneurial scene, he or she may have lofty business goals. Later, though, he or she may be in a situation where the company's liabilities outweigh its assets, and the owner is unsure where to turn. Fortunately, filing for Chapter 11 bankruptcy is a...
Owner of hospitals files for Chapter 11 bankruptcy
A health care company in another state recently decided to make a major move to address its monetary issues. It decided to file for Chapter 11 bankruptcy protection. Companies in Massachusetts that are having a hard time staying afloat financially can do so likewise to regain their financial footing.
The company that...
Understanding automatic stays during business bankruptcy
If you are drowning in large amounts of business debt in Massachusetts, you may not be able to climb out of the hole without taking drastic action. Filing for Chapter 11 bankruptcy protection may be a wise move to help you to break free from your debt. A major benefit of filing for bankruptcy...
Restaurant chain files for Chapter 11 bankruptcy
A restaurant chain in another state recently determined that it needed to take drastic steps to address its lackluster financial situation. It thus decided to file for Chapter 11 bankruptcy protection. Restaurants and other types of businesses in Massachusetts that are struggling to overcome their debt situations can do the...
Discount store company seeks Chapter 11 bankruptcy protection
National Stores Inc., a company that operates several discount housewares and apparel stores, recently determined that it was in a poor financial condition. It has thus decided to file for Chapter 11 bankruptcy protection. The company operates stores such as Factory 2-U as well as Fallas, which has had several...
Manufacturing firm files for Chapter 11 bankruptcy
An old manufacturing firm in another state recently decided to take drastic measures to remedy its precarious financial situation. It has filed for Chapter 11 bankruptcy protection. Companies facing financial struggles in Massachusetts can do the same in an effort to bounce back financially.
In the recent out-of-state case, manufacturing firm officials...
Aerospace company files for Chapter 11 bankruptcy protection
A family-operated aerospace business in another state recently determined that it needed to take drastic measures to remedy its financial situation. The company decided to file for Chapter 11 bankruptcy protection. Companies in Massachusetts that likewise find themselves in an impecunious position may benefit from filing for bankruptcy protection as...