On June 11, 2020, Weintraub & Selth, APC, confirmed the Chapter 11 Plan of Reorganization (the “Plan”) of Dove Real Estate & Association Management LLC (“Dove”). Dove is a family-owned business that provides high-quality management services to thirty (30)...
Using Bankruptcy As a Credible Threat
In October 2019, Weintraub & Selth, APC successfully settled a complex piece of litigation against its Client. The Client owns a successful multinational apparel company and was sued by a disgruntled former employee who claimed to be a part owner of the business....
Did One Bad Decision or Mismanagement Lead to Bankruptcy?
Staying competitive in the world of business often requires anticipating trends and being ready to meet consumer demands if and when those trends arrive. This is a gamble, of course. Correctly predicting a trend in consumer behavior can really be profitable, while an...
Dealing With Your Business’s Past-Due Taxes Through Bankruptcy
For a business struggling to stay afloat, bankruptcy is often the best option to achieve a clean slate. But, what happens when part of your debt is past-due federal taxes? Despite what you may have heard before, businesses can eliminate a portion of their federal tax...
Knowledge is Power: Reaching an Informed Debt-relief Decision
Many business owners across Los Angeles and Southern California reasonably assume that reaching out to a bankruptcy attorney for debt-linked assistance will result in guidance that promotes the upsides of a bankruptcy filing. After all, providing legal counsel that...
After More Than a Century of Success, FTD Files for Bankruptcy
In today’s world, no company is immune from the pressures of market competition, regardless of how long that company has been around. Even time-tested ideas like flower and gift delivery can prove to be unprofitable if the company encounters an unforeseen problem or...
Equipment Purchases: A Common Source of Debt for Small Businesses
One thing that can have big impacts on a company's success is what equipment it has. There are many industries in which having up-to-date equipment is critical for a business when it comes to staying competitive. Getting the machines, devices and technology one's...
Business Bankruptcy: Deciding Between Chapter 11 and Chapter 7
If you own a business that’s in financial trouble and headed toward bankruptcy, you need to decide whether to file Chapter 11 or Chapter 7. Pursing a Chapter 7 will mean the end of your business and the liquidation of assets, but the process will be over relatively...
A Fresh Start: Building a New Business After Bankruptcy
Owning a business is the dream of many entrepreneurs around California. And even after filing Chapter 7 bankruptcy to relieve past debts, many business owners do not abandon that dream. Starting a new business after bankruptcy can have its challenges, but it is...
Manufacturer Cites Materials Price Increases in Chapter 11 Fling
Of all available forms of business bankruptcy, Chapter 11 is the only one that allows for restructuring of a jointly-owned business, LLC or corporation (Chapter 13 restructuring is only available for sole proprietorships). Although the Chapter 11 process can be...
