Corporate bankruptcy has been in the headlines seemingly every day, as filings have surged in recent months. Yet, while bankruptcy might be a common fixture in the news, myths and misperceptions exist ...

March 04, 2025 - In In re 301 W North Avenue, LLC, No. 24-B-2741, 2025 WL 37897, __ B.R. __ (Bankr. N.D. Ill. Jan. 6, 2025), the United States Bankruptcy Court for the Northern District of Illinois ...

Most companies follow a gradual path to a Chapter 7 bankruptcy. In many cases, the brand will show obvious signs of struggle, such as paying vendors late, missing payroll dates, or cutting back on ...

Bankruptcy is a legal process that could allow for some debts to be forgiven and others to be repaid through asset liquidation and payment plans. When you decide that filing for bankruptcy is the ...

When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can ...