Posts Tagged ‘Corporation’

Should My Business File Chapter 7 Bankruptcy?

The news headlines are filled with stories about big corporations filing for Chapter 11 bankruptcy, but what about filing Chapter 7 bankruptcy for business?  Are there any benefits in filing a Chapter 7 bankruptcy for your business?  Well, maybe, let’s take a look:
If a business owner wants to completely close his/her business and liquidate its [...]

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Baseline Oil & Gas Corp. Files Chapter 11 Bankruptcy

According to an article in Reuters, an independent oil and natural gas company Baseline Oil & Gas Corp filed for Chapter 11 bankruptcy protection in a Texas bankruptcy court due to their inability to pay creditors, declining commodity prices, disappointing development drilling results and the U.S. economic decline.  The company has $13.6 million in debt [...]

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