The number of businesses filing bankruptcy has increased significantly over the past few years. But how does a company exiting Chapter 11 bankruptcy become truly viable? Let’s take a look at a few post-bankruptcy survival tips for businesses:

The true face of bankruptcy is NOT the former millionaire turned fraudster or slickster, it is the ordinary people in our society who have run into a bit of bad luck and misfortune.

In a recent Chapter 11 bankruptcy filing here in Texas a debtor’s bankruptcy discharge was challenged after the debtor failed to list a creditor on their bankruptcy petition.

Chapter 9 bankruptcy or what is commonly called municipal bankruptcy allows cities and towns to restructure its finances in much the same way that a Chapter 11 bankruptcy allows a business to restructure its debts.

It was September 26, 2008 that WaMu filed for bankruptcy after becoming the largest bank in US history to fail. Over two years later what remains of WaMu is still mired in legal battles in Chapter 11 bankruptcy. The most recent bankruptcy plan proposed by WaMu has been rejected due to liability releases that the bankruptcy trustee says cover too many parties who do not deserve a release from future litigation.

According to an article in TBO, the movie production company Six Wives LLC filed for Chapter 11 bankruptcy in an effort to stop its creditors from selling the film “”The Six Wives of Henry Lefay” against their wishes. The film has been released overseas; but not in the United States.
The article said:
“Trouble brewed [...]