Winning Strategies, Proven Success
Businesses sometimes go into debt. Growing companies can easily overextend themselves. Companies that were previously successful may fail to adapt to changing economic circumstances, for example. Other companies owed money by businesses expect them to make good on...
When businesses (and sometimes individuals) file for Chapter 11 bankruptcy relief, the court could leave them as debtors in possession (DIP) of their companies. But what that actually means is often unclear to these debtors. Let’s delve deeper to learn more. Does a...
Corporate bankruptcy may occur when an organization is insolvent and on the verge of dissolution. Bankruptcy can also involve restructuring to help a company become profitable again. Organizations can prevent debt-related lawsuits, modify debts and discharge eligible...
When a business files for bankruptcy, an automatic stay immediately takes effect. This powerful legal provision temporarily halts most collection efforts against the debtor, giving the business breathing room to reorganize or liquidate assets under court supervision. ...
Working with independent contractors is common, especially for short-term or specialized projects. Unfortunately, you may encounter a worker who is rude, disruptive or disrespectful toward your staff. This can create tension, lower morale and negatively affect your...
When your business faces overwhelming debt, bankruptcy may provide the relief you need to either reorganize operations or close in an orderly manner. Business bankruptcy is a legal process that can help companies manage financial obligations while protecting against...
Merging your business with another one can have several advantages. While it is not right for every company, or at every point of any given business’s journey, sometimes it can make a lot of sense. While it might make a lot of sense to you as a business owner, it...
California employers have to deal with myriad changes to the law every year. Many of these offer added protections to employees. One important change that took effect at the beginning of this year adds a new category of discrimination – “intersectional”...
Quiet firing may not involve pink slips or dramatic exits, but it can be just as damaging for both employees and employers. When subtle tactics replace direct communication, legal trouble may not be far behind. As workplace culture evolves, so do the ways conflict and...
If you are thinking about taking on a business partner, it is important to think long and hard about who that might be. Even if you already have someone in mind, it’s important to play out possible scenarios in your head. Here are some questions to ask yourself before...