Category Archives: Loans
Using DIP Financing to Fund a Chapter 11 Reorganization
When a business struggles to generate profit and exhausts available financing options, a Chapter 11 bankruptcy might be a viable solution to continue operations while restructuring debt. Chapter 11 can also unlock new financing opportunities that are essential for the reorganization process. Under Chapter 11 bankruptcy, the debtor, whether an individual or a corporation, typically […]
Discharging Student Loans Based on Undue Hardship
Student loan debt now exceeds $1.2 trillion, meaning Americans have more student debt than credit card debt. About one third of all bankruptcy filers have student loan debt, yet less than 1 percent of these filers attempt to have their student loans discharged. This is due to the perception that it is impossible to erase […]
Payday Loans: Not a Sustainable Solution to Financial Problems
For millions of Americans struggling over the past several years due to a sluggish economy and job market, payday loans have become a last-resort option to get money quickly. Although payday loans are easy to obtain and do not require a credit check, making them one of the few viable options for low-income families, they […]
