Mergers and acquisitions can be complicated in ways that you may not realize when you begin the process. It is only after the transition is complete that you may notice small problems that may make a big difference. Some of the most common issues that companies face after a merger or acquisition are outlined below.
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Chapter 12 bankruptcy is rarely used because few debtors qualify for its provisions. In fact, when Chapter 7 and Chapter 13 filings are in the hundreds of thousands, Chapter 12 filings are usually in the hundreds. Chapter 12 bankruptcy is specifically designed to help family farmers and fishermen, as opposed to larger businesses or individuals.
Read More ›Although bankruptcy has the potential to solve a lot of debt problems, it does harm your credit. This unfortunate side effect can make it harder for you to get back on your feet after bankruptcy. Thankfully, the effect of bankruptcy on your credit will not last forever. There will be an indication on your credit
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When you file for bankruptcy, you typically must give up certain types of property and assets in order to pay off your debts. Bankruptcy exemption laws allow you to keep certain types of property depending on your state of residence. In Michigan you are allowed to choose either state or federal exemptions. You are generally
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A merger and acquisition can be a smart strategic move for companies with plenty of economic prospects. That said, some M&A transactions are stronger than others. The following signs can help you predict whether your company can survive a merger and acquisition—and whether it will pay off. 1) Thorough initial assessments Long before the integration
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Normally, any individual is considering filing bankruptcy for themselves will have to file either Chapter 13 or Chapter 7 bankruptcy. Businesses generally file either Chapter 11 or Chapter 7 bankruptcies. There are, however, a few other key types of bankruptcy which exist. Chapter 9 is one such option, and it is specifically tailored to help
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It’s no secret that filing bankruptcy will have an effect on your credit score — and how quickly you will be able to rebuild credit In fact, filing bankruptcy will affect your credit score more than any other single event in your life. This effect, in turn, may put a damper on your ability to
Read More ›Anyone with an interest in the sale, acquisition, or merger of a business might be faced with the prospect of entering into an Earnout Agreement. In a business merger and acquisition environment, an Earnout Agreement enables buyers and sellers to assign a variable value to part of the sale price and tie it to the
Read More ›You owe a creditor money. Perhaps you made some bad investments or you were forced to pay significant medical bills when a loved one was in an accident or developed a severe illness. Now, you are past due on a hefty credit card bill. You discover that your creditor obtained permission for a garnishment by
Read More ›Whether you have been working in business your whole life or you are brand new to the world of business, you are likely to face situations at some point or another which are “over your head,” especially when it comes to your company’s legal strategies. Rather than trying to handle everything on your own, it
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