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Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for business articles
Can the SBRA Provide a Lifeline to Small Businesses Suffering Due to COVID-19?
Author: Joel R. GlucksmanDate: May 26, 2020
The Small Business Reorganization Act (SBRA), which seeks to make small business bankruptcies faster and less expensive, took effect in February. While the law preceded the coronavirus (COVID-19) pandemic, it is providing welcome relief to businesses impacted by the economic fallout of the ongoing pandemic.
The goal of a Chapter 11 bankruptcy is to help a financially-distressed business restructure its debts and survive as a going concern. During the bankruptcy, the business establishes a court-approved bankruptcy plan to satisfy its financial obligations over time. If approved by both the creditors and the court, the business emerges from bankruptcy and can continue its operations.
Energy & Retail Lead the Way as Business Bankruptcies Increase
Energy & Retail Lead the Way as Business Bankruptcies Increase According to the American Bankruptcy Institute, the distressed state of...
From Predator to prey: The details of CTPartners Chapter 11 Filing
Last week CTPartners Executive Search Inc. announced it was voluntarily filing for Chapter 11 bankruptcy protection, according to the New York...
Salus Capital Partners Pushes For RadioShack To Switch to Chapter 7 Bankruptcy
Last week Radioshack's prepetition lender Salus Capital Partners pushed for the electronics chain to convert its Chapter 11 bankruptcy case...
Bankruptcy Deadline Approaching For Caesars Entertainment Operating Co. Inc
Caesars Entertainment Operating Co. Inc has 6 more months for bankruptcy plan. Caesars Entertainment Operating Co. Inc., the operating unit...
