Post Tagged with: "business"

Determination of business insolvency

Determination of business insolvency

As a general rule, managers and directors of a financially troubled business should manage the business in good faith and work to maximize the business’s value for all of its constituents. In an effort to maximize the business’s value, managers and directors should closely review the financial condition of the […]

By November 5, 2014 Bankruptcy, Business, Reorganization
Succeeding with a Chapter 11 business bankruptcy

Succeeding with a Chapter 11 business bankruptcy

  When a business is facing financial difficulties, rather than allowing the business to shutdown, business managers often determine that it is in the business’s best interest to seek protection with the Arizona Bankruptcy Court under Chapter 11 of the U.S. Bankruptcy Code.  A Chapter 11 business bankruptcy filing will […]