Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.
Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel. Inflationary data prints in April coincided with a jump in junk-rated yields. Corporate...
Top News & Alerts · Miss America Pageant in Bankruptcy Court After Ownership Spat · StraightPath Investor Distribution Plan Gets Court Approval · Cornell Capital Founder Rebuts Instant Brands Trustee’s Claims · Akamai Technologies: Bankruptcy Court Approves Bid for Edgio Assets · Market Rewards Dish Bondholders’ Resistance to Ergen’s DirecTV Merger ; Pro Related Articles · Miss America Pageant in Bankruptcy Court After Ownership Spat · Swedish Battery Maker Northvolt Files fo...
Bankruptcy is tough, but it is necessary for a business that can’t repay its outstanding obligations and must be discharged from its debts.
Small-business filings rose by 61 percent. Total bankruptcy filings rose by 15 percent, with individual filings increasing by 15 percent. “The continued increase in bankruptcy filings...
DailyDAC's in-depth articles about business bankruptcy and all things related to business bankruptcy, including explanations and discussion on recent cases.
Congress passed the Small Business Reorganization Act in 2019, adding Subchapter V to the U.S. Bankruptcy Code as a way for small businesses to shed debts without losing ownership of their...
A Small-Business-Friendly Bankruptcy Provision Is Spiraling Toward a Friday Expiration Entrepreneurs will have fewer options to declare bankruptcy after this Friday, unless Congress acts...
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...
Small-Business Bankruptcies Are Accelerating The tight credit environment is just one of a few culprits.