Bankruptcy Archives - Naperville Law

What is the Difference Between Creditor Workouts and Bankruptcy?

by Brooks, Tarulis & Tibble | Jul 17, 2022 | Bankruptcy, Business Briefs, Business Law, Civil Litigation

Unfortunately, many businesses are confronted with extraordinary losses and may be forced to choose between a creditor workout or a reorganization bankruptcy in order to survive. Some of the differences between workouts and bankruptcies include. Timing. A creditor...

Business Liquidation

by Brooks, Tarulis & Tibble | May 13, 2021 | Bankruptcy, Business, Business Briefs

Once a business owner decides to liquidate his or her business for financial or other reasons, there are choices to be made as to the method of liquidation, including supervised liquidations: bankruptcy (Chapter 7), an assignment for the benefit of creditors (ABC) or...

Business Reorganization

by Brooks, Tarulis & Tibble | Apr 14, 2021 | Bankruptcy, Business, Business Briefs, Business Law, Litigation

In these financially troubled times many owners are confronted with the dire choice of saving their businesses or their personal assets. Saving a business can include a reorganization. Your business can reorganize with a bankruptcy (Chapter 11) or a creditor workout....

Alternatives to Business Bankruptcy

by Douglas Tibble | Apr 1, 2012 | Bankruptcy, Business Law

As the complexity and cost of federal bankruptcy grows, more financially distressed businesses look to state law remedies to address creditors, reorganize, or liquidate. State law insolvency proceedings, such as receiverships, asset sales and assignments for benefit...

Bankruptcy

What is the Difference Between Creditor Workouts and Bankruptcy?

Business Liquidation

Business Reorganization

Alternatives to Business Bankruptcy

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