Many conversations about bankruptcy highlight how valuable the process can be for individuals struggling with unexpected debt. People also recognize that bankruptcy can potentially help save a struggling business. Unfortunately, while bankruptcy is largely a positive...
Business & Commercial Bankruptcy
Farmers may benefit from Chapter 12 bankruptcy
Like many in Pennsylvania struggling with current economic circumstances, farmers may find themselves having difficulty paying their bills. When it is a struggle to make ends meet and keep the farm going, it may seem like there is no way out. In reality, Chapter 12...
Honored to speak at the Allegheny County Bar Association 32nd Annual Bankruptcy Symposium
I was honored to be invited to speak on a panel that included The Honorable Thomas P. Argesti, United States Bankruptcy Judge, W.D. PA, Jill Locnikar, Assistant U.S. Attorney, and Keri Ebeck, Esquire on December 6, 2019, at the Allegheny County Bar Association 32nd...
The number of businesses filing for bankruptcy is rising
Despite what many people in Pennsylvania think, seeking protection from creditors does not have to be the end of a company. In fact, filing for bankruptcy offers businesses a chance to reorganize their assets and holdings in a more efficient way, and sometimes the...
Twinkies reborn; Hostess out of bankruptcy and going public
Even the doomed Twinkie cake can emerge strong from a bankruptcy. Not seen so much in Pennsylvania, where the Tastykake brand remains supreme, the Twinkie was nonetheless the nation's best known sweet-tooth junk-food indulgence for many years. The company had to...
Sports Authority bankruptcy reorganization leads to liquidation
Plans to reorganize in a Chapter 11 can be a miracle solution for a struggling business, as shown by the example of many reorganized and refinanced companies now operating and sometimes even thriving around the country. However, reorganization efforts do not always...
Bankruptcy stays pending litigation against debtor company
In Pennsylvania and all jurisdictions, a company's filing for bankruptcy protection may facilitate the resolution of many different types of business disputes and claims. For example, in the recent filing by SunEdison Inc., a dispute pending in another court turned...
Stalking horse bid buys company in bankruptcy auction
Business bankruptcies in Pennsylvania and other jurisdictions often serve the purpose of bringing together the bankrupt company with an investment firm that acquires most or all of the company's assets. This happened recently in connection with the Chapter 11...
Debt service files bankruptcy after investigations and lawsuits
Sometimes those who advertise a program to help people organize or pay off their debts must also get debt relief. That is generally what happens in Pennsylvania and nationwide when a company is exposed as not providing the consumer service that it advertises....
Bankruptcy may help businesses looking for new buyers
It appears that many mid-size retail companies are facing pressing challenges from online marketing platforms that have eaten into their revenue streams in recent years. One of the latest retail apparel chains to register a crisis is Joyce Leslie, with its 47 stores,...