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Business Bankruptcy

Scarinci Hollenbeck’s Business Bankruptcy practice group regularly provides content on financially impacted entities, including financial institutions, corporations, insurance companies, leasing and finance companies, and businesses. Our content provides insight on dealing with complex and sophisticated business bankruptcy matters.
Can the SBRA Provide a Lifeline to Small Businesses Suffering Due to COVID-19?

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 […]

Author: Joel R. Glucksman
May 26, 2020
    Energy & Retail Lead the Way as Business Bankruptcies Increase

    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 […]

    Author: Joel R. Glucksman
    May 20, 2016
    From Predator to prey: The details of CTPartners Chapter 11 Filing

    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 […]

    Author: Joel R. Glucksman
    July 24, 2015
    Salus Capital Partners Pushes For RadioShack To Switch to Chapter 7 Bankruptcy

    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 […]

    Author: Joel R. Glucksman
    July 22, 2015

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