When a business files for bankruptcy, the particular circumstances of that bankruptcy will determine whether the business is reorganized or is liquidated completely. No two business bankruptcy cases are exactly alike. For this reason, it is important for business owners considering Chapter 11 bankruptcy or other bankruptcy options to speak with attorneys experienced in business bankruptcy cases specifically. Experienced attorneys should be able to give business owners a good sense of what the outcome of their case should be, given the unique circumstances surrounding their situation.
Dividing corporate assets after bankruptcy
Agency announces top debt-related complaints of consumers
When the Consumer Financial Protection Bureau was created, it was tasked in part with receiving complaints from American consumers about the debt collection process. Just as the Food and Drug Administration receives complaints about unsafe food and medications, the National Highway Traffic Safety Administration receives complaints about unsafe vehicles and the Consumer Product Safety Commission receives complaints about unsafe consumer products, the CFPB serves as the nation’s “ear” when it comes to complaints about debt collection.
