By Jeff Field | Published June 24, 2024 | Posted in Bankruptcy, Chapter 11 | Tagged Tags: bankruptcy, chapter 11, Red Lobster | Leave a comment
After successfully emerging from a Chapter 11 bankruptcy proceeding filed in 2020, Red Lobster is once again seeking protection from creditors. Many potential causes have been cited for the financial troubles afflicting the popular chain of seafood restaurants. Numerous mid-priced competitors have experienced similar problems maintaining their customer base while “fast casual” brands, such as Read More
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Chapter 7 bankruptcy can be a powerful tool for someone who is struggling with debt. The ability to eliminate unsustainable credit-card balances or excessive medical costs can be life-changing. However, not every financial obligation can be discharged through this process. Along with student loans, taxes and past due child support, debts arising from willful and Read More
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Filing for Chapter 7 bankruptcy can be a daunting prospect, particularly when it comes to protecting your hard-earned retirement savings. While bankruptcy offers relief from overwhelming debt, the fear of losing retirement assets looms large for many individuals. Fortunately, the applicable laws give people struggling with debt the ability to safeguard their retirement nest egg Read More
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Considering filing for bankruptcy while also contemplating an automobile purchase can be a complex and delicate balancing act. However, there are situations where having access to a vehicle is vital and waiting through the bankruptcy process imposes an additional hardship on you and your family. With careful planning and guidance from an experienced attorney, you Read More
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