What You Should Know About Common Legal Matters Of The United States

Written by Wall Street News on February 8th, 2019. Posted in Complex commercial litigation, Esq. david w. ichel, Stephen m. orlofsky

Bankruptcy filing is not something that anyone wants to go through, but it is a process that has become more commonplace than ever before all throughout the country. After all, bankruptcy filing can happen in many different ways – and there are more kinds of bankruptcy cases and bankruptcy filing procedures than the average person might have realized (until now, that is). For instance, bankruptcy filing can be conducted by an individual person, but the process of bankruptcy filing can be conducted by a business as well.

According to data gathered surrounding chapter 11 bankruptcy filings, we can clearly see that many of the businesses that must go through the bankruptcy filing process are small businesses. After all, up to 90% of businesses that file for chapter 11 bankruptcy will actually have less than 50 total employees – or 50 employees at the very most. In addition to this, such companies going through the chapter 11 bankrup