Bankruptcy

Financial distress does not always signal the end of a business. Often, it's a chance to restructure operations and cut unprofitable obligations. For Kentucky business owners dealing with growing debt, bankruptcy can offer a clear way forward that is simply not...

Filing for business bankruptcy does not mean you must lose everything you own. You can protect your home, savings and personal belongings even when your business faces financial trouble. Thus, understanding the right ways to protect yourself can help you keep your...

If your company is struggling, it helps to know that many others have faced the same problems and bounced back. Even in a strong and diverse local economy like Lexington and nearby cities like Pikeville, Ashland, London, and Somerset, good companies can still run into...

Filing for Chapter 11 can help keep a business afloat during tough times. But not every filing gets approved. Some common mistakes or missteps can lead the court to deny your petition. Failure to meet legal requirements Courts expect full compliance with bankruptcy...

As a sole proprietor, the line between personal and business finances often blurs, making financial challenges feel personal. When debts mount, bankruptcy can seem daunting and liberating since it can be a chance to reset and rebuild. But how do you choose between...

Businesses facing financial troubles do not always need to file for bankruptcy. Several alternatives can help a struggling business get back on its feet. These options can provide relief and a path forward without the heavy consequences of bankruptcy. Here are five...

Bankruptcy is a process that can help your Kentucky business resolve financial problems related to debt and move forward. However, many business owners worry about the negative impact of bankruptcy and how it will affect the business in the future. Many businesses...

Many businesses in Kentucky go through trying times where they must make significant changes to stay afloat. If you find that your business is struggling financially, you may not be aware of your options. Filing Chapter 11 bankruptcy is a route that many business...

The first quarter of 2023 saw all forms of commercial bankruptcies increase. Filings reaching 5,733 were significantly more than the 4,808 business bankruptcies during the previous year's first quarter. Even more alarming is the 77 percent increase in Chapter 11...

You no doubt worked long and hard to build your Kentucky business from the ground up. Whether you sell a specific product or provide a service, if you’ve been in business for several years or more, you’ve likely encountered financial challenges at some point. Most...