As many Rockland County businesses know, longevity is not always a guard against financial adversity. After opening the first Bruegger's Bagels shop in Rochester in 1983, the nation's oldest Brueggers' Bagels franchisee filed for Chapter 11 protection in March 2016....
Month: August 2017
Payless Shoesource completes Chapter 11 bankruptcy plan
It used to be the case that people in New York and nationwide flocked to Payless Shoesource stores to purchase affordable footwear. But, the company fell on hard financial times, and had to file for Chapter 11 bankruptcy. Shoppers may be pleased to hear, however, that...
Ruling in Lehman bankruptcy shows risks of deferred compensation
The Lehman Brothers bankruptcy has been grinding along for several years, but it occasionally produces a judicial ruling that has importance outside the specific case. A recent ruling by the bankruptcy judge supervising the case provides an important reminder for...
Litigation finance – a new tool for unsecured creditors
When a bankruptcy proceeding ends, the debtor's unsecured creditors are often left wondering how to collect on what appear to be worthless claims. In business bankruptcies, a common target is the debtor's claims that are owned by the bankruptcy trustee. When risk is...
