When toy retailer Toys 'R' Us filed its bankruptcy petition in September 2017, its executives said that the chain hoped to prosper during the holiday shopping season and that it would be able to reclaim its financial health in the New Year. The New Year has arrived,...
Month: January 2018
Business bankruptcy venue reform bill stirs controversy
Due to its status as the country's financial center, New York is home to many corporate headquarters. The tiny state of Delaware likewise boasts an outsize number of corporate residents because its laws favor businesses that use the corporate form of organization....
Business bankruptcy: what is Chapter 15 of the Bankruptcy Code?
Most people in New York can identify three chapters of the United States Bankruptcy Code: Chapter 7 for the discharge of business and personal debts; Chapter 11 for business reorganization and Chapter 13 for personal debt reorganization. Very few can identify the...
Using personal bankruptcy’s automatic stay to stall foreclosure
Most people in Rockland County probably view bankruptcy as a pain-filled process, second only to a trip to the dentist in that respect. However, when debts pile up and when mortgage payments are late, bankruptcy can be a significant pain-reliever. When dark financial...
Who are likely retail and apparel bankruptcy filers in 2018
Making predictions is a popular pastime as the year draws to a close. Financial analysts who follow the retail and apparel industry are no exceptions. Moody's put together a list for USAToday of the retail and apparel companies most likely to file bankruptcy petitions...
