Chapter 11 bankruptcy (“reorganization bankruptcy”), in most instances, allows a business to remain in possession of its assets, continue operations, and in some instances, borrow new money. Affected creditors can vote on the company’s reorganization plan, and the court may…
It is not uncommon for businesses to have mutual debts. As long as both firms are able to fulfill their financial obligations, there will not be much of a problem. However, if one of the companies hits a financial rough…
When a commercial tenant files for Chapter 11 bankruptcy, the commercial landlord can find itself in a difficult position. The tenant may owe unpaid rent, and the landlord will likely be concerned about getting that unpaid rent and any future…
When you own residential or commercial property in South Carolina, it can be extremely frustrating to realize that you have rented to a tenant who is not paying rent on time. Whether you own commercial property and have a commercial…
In many cases, when a debtor owes money to a creditor in Columbia, South Carolina, the debtor ultimately will file for personal bankruptcy or business bankruptcy in order to seek a discharge. Some creditors will be repaid a relatively large…