An adversary proceeding in a bankruptcy court is similar in structure and manner to a lawsuit in a civil court. It happens when one or more parties file a case against another in bankruptcy court pursuing a specific relief.

Chapter 11 is a type of bankruptcy involving the reorganization of a business’ debt and assets. The debtor business should create a repayment or, rather, reorganization plan, and if that plan is followed through, the excess debt will probably be released.

Is your business out of cash? Does your business have loans coming due that you can’t pay? Are you unable to pay your employees? Are you behind on rent? Are you behind on taxes? Are you being hunted by collectors? Are you being sued by your creditors?

Retailers sustained record-breaking drops in sales, inventories, and consumer trust. The real estate market crash, cutbacks, and higher gas costs all hurt consumer spending and have had a disproportionate impact on retail businesses.

Assuming you feel that you are drowning in debt and doesn’t know how to escape what can appear as though an unimaginable financial circumstance, filing for bankruptcy might be a surprisingly good solution.

In 2021, American consumers took on more than $1 trillion in new debt, the most in 14 years, to help them afford homes, cars, and other items that are rapidly increasing in price.

Following the punishment of Canada Goose’s (GOOS.TO) Chinese branch for fraudulent advertising, Chinese state media and ruling party members have pounced on a slew of foreign firms, accusing them of deceiving customers.