June 29th, 2020 - Posted in BA Blog by Scott Brown
Back in January, milk producer Borden Dairy Co. (of Elsie the Cow fame) filed a Chapter 11 in Delaware citing the rising cost of raw milk and market challenges facing the dairy industry including a $1.1 billion decline in traditional milk sales in 2018. (more…)
June 17th, 2020 - Posted in BA Blog by Dana Quick
Following months of negotiations with various interested groups, the Boy Scouts of America is pushing its bankruptcy case forward. Recently, the BSA received approval from the Delaware Bankruptcy Court to adopt a bar date for sexual abuse victims to file claims against the organization’s Chapter 11 estate while negotiations continue over a potential global settlement to the case. (more…)
May 19th, 2020 - Posted in BA Blog by Brett Amron
The second round of the PPP program was intended to help those small businesses who missed out on the first round of funding. Though some lessons were learned from the initial phase, with a program of this size there are bound to be challenges. And there have been…
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May 15th, 2020 - Posted in BA Blog by Scott Brown
We’ve all read about the recent bankruptcy filings of large national retailers such as JCrew and Neiman Marcus, with predictions of many more to come, but there’s been far less press about restaurants and restaurant chains that have filed bankruptcy or are likely to file bankruptcy. (more…)
May 14th, 2020 - Posted in BA Blog by Jeffrey Bast
Many small to mid-sized business owners are simply unaware of the tools currently available for preserving their business. A recent article in The Washington Post suggests that making it easier to file bankruptcy could avert economic catastrophe. (more…)
May 5th, 2020 - Posted in BA Blog by Scott Brown
While we do not yet know the full financial impact of Coronavirus on America’s four major professional sports leagues (NFL, NBA, NHL and MLB), the pandemic has claimed its first US sports league casualty – namely, WWE chairman, Vince McMahon’s, reincarnated XFL. (more…)
May 4th, 2020 - Posted in BA Blog by Jeffrey Bast
The current crisis has left many retailers, both large and small, trying to figure out how to best configure themselves in what has now become the new retail environment. Surviving means cutting expenses to the bare minimum, negotiation concessions on debt re-payment obligations from lenders, and pursuing all available government stimulus programs. (more…)
