In Alaska's challenging business landscape, companies in high-risk industries often walk a tightrope between success and financial peril. With the looming threat of bankruptcy, protecting assets becomes not just important but essential for survival. Let's explore...
When government contractors face financial difficulties, they must follow specific rules that differ from typical bankruptcy proceedings. Although these regulations are essential in protecting government interests, they can also create possible roadblocks during...
Chapter 11 bankruptcy might be the best option for your struggling business. Unlike a Chapter 7 bankruptcy that wipes away debts, Chapter 11 bankruptcy involves reorganizing and restructuring your business. Part of this process involves negotiating with creditors to...
Alaska businesses face many obstacles as they try to keep operating each day. This struggle is often viewed in the context of smaller businesses, but large corporations are also confronted with overwhelming debt and a series of challenges that lead to them considering...
Businesses don't always thrive despite the best intentions of those who own and operate companies. Even when someone has a history of business success or a great idea, factors outside of their control could affect an organization. Entrepreneurs and business owners...
For business proprietors in Anchorage, Alaska, grappling with financial challenges induced by economic downturns or other factors, salvaging a business from closure or creditor takeover might seem daunting. A potential avenue to explore in such scenarios is filing for...
Businesses may begin struggling financially for a variety of reasons. Perhaps supply chain issues disrupted order delivery services for a company, and now it cannot currently manufacture products due to a lack of raw materials. Maybe an organization recently lost a...
The number of corporate bankruptcies is set to reach a 12-year high in 2023, with 236 corporate bankruptcies filings in the first four months of the year alone. The number is more than double last year's figures over a similar period. This trend has raised concerns...
Many business owners who are facing overwhelming debt know that they need a solution to their challenges. They’re simply not sure what that solution could be because they worry that they will lose their company if they declare bankruptcy. While this process would get...
If your business has been going through a tough time, you’ll know how quickly the debts can pile up. No matter how hard you try sometimes you simply can’t make ends meet. The problem is, if your business isn’t making any money then chances are neither are you. So what...