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Owning and operating a business presents many challenges. Business owners in Maryland typically want to keep up with competitors, prompting a need for additional revenue. Making the decision to expand operations to new locations could result in major profits, but there may be some risk involved as well. If the expansion does not go as well as intended, the company may be in need of financial reorganization. A major hunting and fishing chain has recently found itself in a similar situation. With increasing competition in its area of business, the

It was a dark day for many lovers of delicious snack cakes when Hostess filed for Chapter 11 bankruptcy last year. It was not only Doomsday preppers who rushed to stockpile the iconic desserts. The pain of many in Maryland was felt as people posted over social media their heartache at losing their favorite sweets. Meanwhile, those within the company began its reorganization.   Soon after bankruptcy, the Hostess company was purchased by two private firms who sold a majority interest to a third company.

Recent innovations have given birth to an industry that combines an old service with new technology. Ride sharing allows people to use their own vehicles to earn money providing rides for others by way of a Smartphone app. While ride-sharing companies are wildly successful, it seems that progress may not be good for everyone. Traditional cab companies in Maryland are finding themselves in need of financial reorganization. Barwood, Inc. and the taxi companies associated with it are struggling to compete against ride-sharing companies like Uber

In order to benefit from the protections provided by Chapter 11 bankruptcy, one must file a petition with the appropriate bankruptcy court. This type of bankruptcy allows for the reorganization of debts, which can provide the petitioner with a way to halt collections efforts against an individual or organization. Most who file for Chapter 11 are business organizations, but individuals may be eligible for this option as well.  Maryland businesses often choose this option when unable to handle monthly expenses and pay off creditors in a timely

Bankruptcy can be an intimidating prospect, both for an individual and for a business. Fortunately, we have experience helping both people and businesses navigate the complexities of the bankruptcy process and find solutions to their unique concerns. We are dedicated to the prosperous futures of Maryland businesses in Chapter 11 bankruptcy. Chapter 11 is a type of bankruptcy that allows for the reorganization of debts, providing a fresh financial start for businesses. This is an appropriate option for companies that are no longer able to

There are many reasons why individuals and businesses may find themselves facing insurmountable debt burdens that they cannot pay off. When these difficult financial situations arise, Chapter 11 bankruptcy may be a viable option. Under this Bankruptcy Code option, reorganization through a court-approved plan can provide the means for Maryland businesses or qualified individuals to address their financial obligations. If a business is unable to effectively manage monthly expenses or keep up with what is owed to creditors, then Chapter 11 bankruptcy may be a viable

No two Maryland families who seek bankruptcy protection will have the exact same set of needs. Each case is unique and is the result of the particular circumstances of the individual or individuals who are seeking debt relief. In many cases, bankruptcy for individuals can become highly complex, especially when business interests are involved. An example lies in a case in which a man filed for personal bankruptcy after taking over the management of his wife’s businesses when she became ill. The husband filed for

Filing for bankruptcy is never a joyous occasion, but business owners should avoid thinking of the matter as an indication of failure. In fact, research conducted by the U.S. Small Business Association revealed that many businesses with fewer than 500 employees emerged from bankruptcy to find new levels of success in the years to follow. Maryland businesses in Chapter 11 are often able to fare far better in the years after a bankruptcy than they did in the years that preceded that action.   During

Many Maryland fans of rapper 50 Cent were surprised to learn that the highly successful musician has filed for bankruptcy protection. The move came at the same time that a jury was set to discuss punitive measures in an unrelated legal matter. While 50 Cent, whose legal name is Curtis Jackson III, has achieved a great deal of success in recent years, many feel that the bankruptcy filing was made in order to halt a sizable payout based on the civil case. In a recent hearing,

Many Maryland readers have taken the short road trip to Atlantic City. For decades, the area was one of the few places where legal gambling was available, and the casinos along the boardwalk drew many thousands of visitors each year. Now, Trump Casinos joins other businesses in Chapter 11 as the gambling market expands and the company’s customer base finds alternative venues in which to place their bets. In the recent filing, Trump Casinos has asked the court to approve a number of motions that