Can the SBRA Provide a Lifeline to Small Businesses Suffering Due to COVID-19?
The Small Business Reorganization Act (SBRA), which seeks to make small business bankruptcies faster and less expensive, took effect in February. 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 […]
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 the energy & retail sectors in the American economy has led to significant increases in business bankruptcy filings. The total number of both business and consumer bankruptcy filings decreased ten percent in April 2016, when […]
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 Post. Once the seventh-largest executive search firm in the U.S., CTPartners recently reported that it will suspend operations by June 30. CTPartners heads into Chapter 11 CTPartners recently disclosed that its $61 million asset sale […]
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 to Chapter 7. The Wall Street Journal reported that the move would threaten the chances for Radioshack to emerge as a standalone business after bankruptcy proceedings. Chapter 11 fees mounting As it calculates the likely results […]
