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Category Archives: Business Bankruptcy

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Toys ‘R Us Bankruptcy Hit Toys for Tots Program

By Nowack & Olson, PLLC |

The recent bankruptcy filing and closure of giant retailer Toys ‘R Us made it harder for parents to find toys for their children this holiday season. The bankruptcy filing also hammered the famous Toys for Tots program, hampering the charity’s ability to obtain the toys it needs to distribute to needy families. Toys for… Read More »

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Bankruptcy14

Florida Companies File for Bankruptcy

By Nowack & Olson, PLLC |

Although giant retailers like Sears and Toys R Us get all the attention, smaller Florida businesses have also been filing for bankruptcy protection recently. Whether these companies can reorganize their debts successfully remains to be seen, but if your small business is struggling, realize that you are not alone. Promise Healthcare Group Seeks Chapter… Read More »

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A Bankruptcy Isn’t the End of Your Business Dreams

By Nowack & Olson, PLLC |

It’s hard to see bankruptcy as anything but a failure. Most people are able to pay their bills, but here you are, completely swamped. The only light at the end of the tunnel is bankruptcy to help you gain some breathing room. Many people naturally wonder if they will ever find financial success. Forbes… Read More »

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BusinessBank

First Toys ‘R Us, Now Sears…Who’s Next?

By Nowack & Olson, PLLC |

The news that giant retailer Sears had filed for bankruptcy on October 15, 2018 should not have been surprising. For years, Sears and its subsidiary Kmart have been closing stores around the country. However, it is always an unsettling experience to watch one of the nation’s oldest retailers admit that it cannot pay its… Read More »

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Starting a New Business after Bankruptcy

By Nowack & Olson, PLLC |

Many of our clients here at Nowack & Olson are interested in how they can re-establish their credit after filing for bankruptcy. But our business clients often have a slightly different concern—how to start a new business soon after a business bankruptcy. Maybe you caught the bug and can’t envision working for someone else…. Read More »

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BusinessBank

Continuing Your Business in Bankruptcy: Is this Possible?

By Nowack & Olson, PLLC |

According to news reports, staff at Weinstein Company are continuing to report to work even though the company filed for bankruptcy protection after the exposure of founder Harvey Weinstein’s sexual misconduct. If you are a business owner, you might wonder how this is possible? Actually, a Chapter 11 bankruptcy exists precisely so that businesses… Read More »

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Why bankruptcy is not the stigma you might think it is

By Nowack & Olson, PLLC |

Many people think of bankruptcy as a weakness or as a moral failing, but this perception is far from accurate. Facts can help rebut criticism. When families in Florida get together for birthdays, graduations, anniversaries, holidays and the like, they often catch up on the news. Cousin Jane is getting married, Uncle Pete bought… Read More »

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Three signs bankruptcy may be the best path for your business

By Nowack & Olson, PLLC |

Deciding to move forward with relief through bankruptcy can be difficult. These three questions can help. Considering filing for bankruptcy is not easy. This is particularly true for those who are attempting to keep a business running. For many entrepreneurs, a business is more than just a professional endeavor. Businesses often have strong personal… Read More »

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