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Oklahoma Catholic university seeks Chapter 7 bankruptcy

All employers require funds in order to operate. Employees must be paid in addition to the costs associated with operating a building, including utilities and purchasing necessary supplies. If there are not enough funds, employers must make difficult decisions regarding the future of the business or organization. Unfortunately, a university in Oklahoma has made the decision to close its doors and file for Chapter 7 bankruptcy protection.

Company based in Oklahoma seeks Chapter 11 bankruptcy

Decision makers at companies in Oklahoma often work hard to make decisions that are in the companies' best interests and will help lead to continued success in the future. Often, these decisions are difficult to make. For example, a company based in Oklahoma has recently made the decision to seek Chapter 11 bankruptcy protection.

Paths to debt relief in Oklahoma

There are people in Oklahoma who are currently struggling with debt. Despite past misconceptions about how debt is acquired, there are some who are in their situation due to circumstances beyond their control, such as medical bills due to an unexpected illness or a lost job. Regardless of the cause, many need debt relief.

Using bankruptcy to prevent foreclosure in Oklahoma

The average person in Oklahoma has likely experienced some degree of financial difficulty. Unfortunately, a lost job or unexpected illness or injury can leave families scrambling to meet their financial obligations. Adding even more stress is the potential prospect of foreclosure if those struggling with debt are unable to pay their mortgage. However, there are options that could prevent foreclosure.

Another retailer seeks Chapter 11 bankruptcy

In recent years, a number of retailers in Oklahoma and across the country have struggled with debt. Many of these struggles are caused by forces that are beyond the control of decision-makers, including weather conditions. In fact, another company, A'Gaci, has recently sought Chapter 11 bankruptcy protection due to overwhelming debt.

Hobbico files for Chapter 11 bankruptcy protection

Those who run businesses must plan for unexpected circumstances. However, often when a company is hit with several challenges or a challenge is more severe than could have been anticipated, it could be left wondering how to deal with the fallout. For many businesses in Oklahoma, the best option is to file for Chapter 11 bankruptcy protection.

Why companies in the black seek Chapter 11 protection

When it comes to ensuring the continued success of a company in Oklahoma, decision makers are often left to make difficult choices. Even companies that seem to be profitable must look to the future. In some cases, this includes filing for Chapter 11 bankruptcy protection.

Rebuilding a credit score following bankruptcy

There are many people in Oklahoma who are committed to fulfilling their responsibilities but are struggling with debt. While they are willing to work hard to pay their bills, for example, there are often circumstances beyond their control that can lead to overwhelming debt. In many cases, bankruptcy may be the best option to gain more solid financial standing.

Spiech Farms LLC seeks Chapter 11 bankruptcy

There are a variety of different financial hardships that any business in Oklahoma and across the country can face. However, some hardships specifically target certain businesses. For example, difficult or unexpected weather could hit a farm or other agrarian-based business especially hard. Regardless of the hardship, some businesses choose Chapter 11 bankruptcy to help them manage the debt incurred.

Bike company seeks bankruptcy protection

Businesses in Oklahoma and other areas of the country typically set certain goals that they would like to meet. In order to meet many of these goals, these businesses need to invest in research and development. Unfortunately, debt can prevent them from making this investment. A company in another state is hopeful that its decision to file for bankruptcy will allow it to focus on the future.

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