4 signs a small business might need to file for bankruptcy
Small businesses often run on a tight budget with very little wiggle room. They count on being able to have a consistent income that covers expenses and provides…
McKay, Burton & Thurman, P.C. Legal Blog
How can you protect a company’s reputation during bankruptcy?
Navigating through bankruptcy is a challenging period for any business. Maintaining a company’s reputation during this time is crucial for its future recovery and success. Bankruptcy can often…
How Chapter 11 bankruptcy helps struggling small businesses
When an entrepreneur starts a small business or someone takes over an existing company, they tend to invest quite a bit of their time and resources in the…
What happens to a commercial lease during business bankruptcy?
Businesses are under constant pressure to generate revenue. Only a few weeks of decreased sales might prevent an organization from meeting its financial responsibilities. Businesses have numerous recurring…
Potential reasons for a business bankruptcy
There are many reasons why businesses fail, and it can be a complex mix of factors that ultimately lead to their downfall. This doesn’t mean that the business…
Top reasons that businesses face bankruptcy
When businesses face bankruptcy, people sometimes assume that it’s because the business owner must have made poor financial decisions. Maybe they invested too much of their money without…