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Bankruptcy May Be Your Option

Debt Relief Archives

Established company seeks bankruptcy protection

Many people in Oklahoma who are not involved in the day-to-day running of a company may not be fully aware of all of the expenses involved. For many companies, selling a product or service is not the only major concern. Employers must ensure that all debts are paid as well as pension and vacation funds. These complications can quickly lead to overwhelming debt, resulting in companies making the difficult decision to file for bankruptcy.

Long-term care, rehabilitation company files for bankruptcy

Businesses in Oklahoma can struggle for a variety of different reasons -- often due to situations that are beyond the control of decision makers. When a company becomes overwhelmed with debt, those who run it must make sometimes difficult decisions to ensure the long-term success of the company. Those decisions may, in some cases, involve whether to file for bankruptcy protection and which type of filing to choose.

True Religion seeks Chapter 11 bankruptcy protection

Many companies find themselves in a position in which they must make difficult decisions in order to preserve the future success of the company. For many in Oklahoma, this includes deciding how best to manage overwhelming debt. One of these options includes seeking Chapter 11 bankruptcy protection.

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.

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.

Gander Mountain to close following Chapter 11 bankruptcy

As more and more consumers in Oklahoma and across the country become internet and computer savvy, they are seeking alternative ways to make purchases -- ways that often allow them to shop from the comfort of their own home. While this trend has helped internet-based companies, many brick and mortar retailers find themselves struggling as a result. Often, they are left wondering how to manage their struggling business with some turning to Chapter 11 bankruptcy for help.

Gymboree reportedly set to seek Chapter 11 bankruptcy

Many retailers in Oklahoma and other areas of the country have recently faced financial struggles. For a lot of these companies, the only option to adequately manage their debt may be to seek to reorganize it through Chapter 11 bankruptcy. Some reports indicate that another retailer is set to seek such protection following losses.

Medical device manufacturer seeks bankruptcy protection

Most companies in Oklahoma sets goals for the future. Regardless of the exact wording of their plan for the future and how they measure whether they have accomplished their goals, they all want to be successful. Unfortunately, there are often many factors that can influence a company's overall success that are often beyond the control of those who lead the company. One out-of-state company is now attempting to help secure its future success by filing for bankruptcy protection.

Out-of-state brewer files for bankruptcy

Most companies in Oklahoma and across the country start with a dream. A person who knows a great deal about brewing beer, for example, may have a dream of brewing and distributing his or her own craft beer. However, some people soon discover that they may struggle to realize their dream due to business difficulties. For example, one out of-of-state craft brewer has recently sought bankruptcy protection.

Hospital claims bankruptcy will result in financial strength

During the process of creating a new business in Oklahoma, many decisions must be made. These decisions can ultimately have a major impact on the company's overall financial security. For example, spending too much money building a hospital can leave the hospital struggling to manage its debt once it opens. Representatives from an out-of-state hospital claim that spending too much money building the facility, among other reasons, has ultimately left it financially unstable. As a result, the company is exploring its bankruptcy options.

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