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Food company files for Chapter 11 reorganization bankruptcy

When a business runs into challenging financial situations, it has several options available. One option is to file bankruptcy, although there are several types of bankruptcies to choose from. If a company wishes to remain in business, the company may want to consider a Chapter 11 bankruptcy. This is what one company recently did and is now working with an investment banking firm in Maryland to help with its reorganization. The company, Prime Choice Foods, is working the with investment firm in order to find

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Major military air charter files for Chapter 11 bankruptcy

The government shutdown in October did more than just put a lot of federal and military personnel in a tight financial spot — it also affected many businesses and organizations, may they be federally-run or privately-operated. For one private business, Global Aviation Holdings, the shutdown seems to have caused their second bankruptcy of the year. Global Aviation is a military air-charter service. The company is the largest provider of such services to the U.S. military. But with the shutdown in effect, the company’s service was

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