U.S. corporate bankruptcies approached a 14-year high in 2024 and are expected to continue at a steady pace in 2025. With this increase in business bankruptcies across industries, it’s possible that ...

The trucking industry faces rising costs, intense competition, and consumers wary of spending more money. "Trucking companies operate in a challenging financial environment, where even minor shifts in ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...

Leaders should always be prepared to navigate the potential complexities of financial distress. As a final recourse, Chapter 11 bankruptcy can be a lifeline for companies facing insurmountable debts, ...

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Despite being one of America’s favorite dining choices, the pizza restaurant industry has faced economic challenges over the last year, forcing business owners to close or sell locations and, in some ...

Chapter 11 plans that propose to extinguish existing equity interests because the estate does not have any value remaining after the payment of creditor claims are common. The Bankruptcy Code's ...