It is no surprise that once again small and mid-size businesses are impacted, last time radical COVID lockdowns, this time stagflation. What is a business owner supposed to do? A business owner you can take advantage of the interest rates that are still relatively low before they go up even more in 2023. If you […]
debtor in possession
How Does a Chapter 11 Affect My Commercial Lending?
A Chapter 11 Bankruptcy is a last source for a business owner to reorganize business debt. Perhaps it was a non performing business partner, embezzlement or a nonperforming CFO, which led to your Chapter 11 petition. Creditors can also file an involuntary bankruptcy to force a business not meeting its obligations into court, such as […]