What happens when a company files for bankruptcy?

Answer When a company files for bankruptcy, it is acknowledging its insolvency and need to eliminate lots of debt. While in bankruptcy, a judge may discharge some debts and put the company on a path towar... Read More »

Top Q&A For: What happens when a company files for bankruptcy

What happens when a company files for chapter 11 bankruptcy?

Reorganizing a company can be trying and expensive. It may be necessary, though, because of a business' inability to pay bills and keep running. Chapter 11 bankruptcy makes it possible to reorganiz... Read More »

What Happens to a Franchise Agreement When a Franchisee Files Bankruptcy?

A franchisee can file either a Chapter 7 or a Chapter 11 bankruptcy. A Chapter 7 bankruptcy results in the franchise ending business operations and most, if not all, debt discharged. A Chapter 11 b... Read More »

What happens if I sue a company in bankruptcy?

A company that is in bankruptcy is either in the process of liquidating all of its assets and going out of business, or having its debt forgiven so the company can reorganize and start fresh. In e... Read More »

What happens if a builder files for bankruptcy?

While it may be a bit of an inconvenience if your builder files for bankruptcy, you may not be negatively impacted at all. This depends on the type of bankruptcy filed and the builder's intentions.... Read More »