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Bankruptcy May Be Your Option

June 2017 Archives

Daycare files for Chapter 7 bankruptcy

In Oklahoma -- as in all states -- there are many different types of businesses. Regardless of the product or service a business offers, all have something in common -- an owner and employees working hard to ensure success. Despite their hard work, some businesses still struggle, prompting them to consider their debt management options, including filing for Chapter 7 bankruptcy.

Another retailer seeks Chapter 11 bankruptcy protection

While the Internet has revolutionized how many companies in Oklahoma and other areas of the country conduct their business, it has also created complications for retailers that are primarily brick-and-mortar based. Recently, several retailers have struggled financially, many opting to file for Chapter 11 bankruptcy protection. Another store has recently taken such action.

Residential solar company seeks Chapter 7 bankruptcy

Many companies in Oklahoma experience a long period of financial success and growth. However, changes in market trends and demand can quickly turn a successful company into one that is experiencing financial difficulty. Such appears to be the case for an out-of-state company, American Solar Direct, that focuses on residential solar power after it filed for Chapter 7 bankruptcy.

Passing the means test when facing financial challenges

There is a misconception that people in Oklahoma who are struggling with overwhelming debt are doing so because of poor decisions. However, the loss of a job or a serious illness or injury can create unmanageable expenses that are difficult for many people to plan for or overcome. Those in such a situation may feel that they will never be able to manage their debt. Fortunately, people facing financial challenges have several options, including filing for Chapter 7 bankruptcy.

21st Century Oncology seeks reorganization through Chapter 11

There are many factors that can influence the overall success of a company in Oklahoma. For a company that involves health care, proposed changes in health insurance can have a tremendous impact, among other factors. A company that claims it is the largest provider of cancer treatment centers has recently experienced the uncertainty that many such companies feel in the current political climate, resulting in its decision to seek reorganization through Chapter 11 bankruptcy.

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