Some businesses in New York file for Chapter 11 bankruptcy to restructure their company and repay debts. One of the most important tools that business owners have in restructuring is the ability to borrow funds through a Chapter 11 debtor-in-possession, or DIP, loan....
Bankruptcy
An overview of the bankruptcy liquidation process
If you file for Chapter 7 bankruptcy, there is a chance that your assets may be liquidated. The money raised from the liquidation will be used to pay creditors, and, in most cases, any remaining balances are discharged at the end of the proceeding. Assets such as...