A jump in business cases doesn’t necessarily mean the economy is in trouble, said bankruptcy lawyer Derek Abbott, with Morris, Nichols, Arsht & Tunnell. Abbott has seen a jump in...
Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.
By Becky Yerak ; Updated April 23, 2024 11:13 am ET | WSJ Pro
Bankruptcy is tough, but it is necessary for a business that can’t repay its outstanding obligations and must be discharged from its debts.
The number of businesses filing for bankruptcy has continued to rise since the second quarter of 2022, with national debts also increasing. On the flip side, the number of new business...
Bankruptcy filings among small businesses are rising, and more owners will face a critical juncture between epic failure and successful rebound positioning.
Small-business bankruptcy filings are rising this year, a signal that increased interest rates, tighter lending standards and higher operating costs are straining entrepreneurs. At the same...
Learn to differentiate the three types of business bankruptcy, including Chapter 7, Chapter 11, and Chapter 13. Find out how they assist troubled firms.
The American Bar Association Business Law Section's group for practitioners interested in business bankruptcy.
Business bankruptcies saw a relatively sharp increase for the past year, rising to 17,051 new cases for the year that ended Sept. 30, 2023, but the overall pace of bankruptcy filings...