News & Events

Blog

Are Chapter 11 Filings the New Norm for Large Struggling Businesses During the Pandemic?

Expired
closed stores

With consumer spending down and the uncertainty of job security, businesses are undoubtedly hit hard financially…

Every day we read about another company that has filed for Chapter 11 due to the impact of COVID-19 on their daily operations. 

With consumer spending down and the uncertainty of job security, businesses are undoubtedly hit hard financially.  This means they need to get creative with ways to handle this loss of income in order to survive.  By filing for Chapter 11 bankruptcy, this allows a business time to develop a plan for their business to survive in this ever changing world, and set the company up for future growth and success.  This form of bankruptcy allows for a reorganization of the business and allows for a fresh start, while remaining in operation.

Contact Us for a Free Consultation

Please fill the required field.
Image
Located in Bolingbrook, Illinois.  We are a family friendly and affordable bankruptcy solution to anyone in the Chicago area.
494 West Boughton Road #2a
Bolingbrook, Illinois 60440


M.C. Law Group is a Debt Relief Agency helping people file for bankruptcy.
© 2020 M.C. Law Group, All Right Reserved