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Posts Tagged ‘Chapter 11’

Cumulus Media Files for Bankruptcy

January 11th, 2018

The Atlanta based radio company Cumulus Media has filed for Chapter 11 bankruptcy.  At the time of filing, Cumulus Media had approximately $2.4 billion in debt.

If you have a company that is in financial trouble and would like someone to talk to, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Owner of Joe’s Crab Shack Files for Bankruptcy

June 21st, 2017

joes crab shack

The owner of the restaurant Joe’s Crab Shack has filed Chapter 11 bankruptcy due to falling food sales.  The owner may attempt to sell the restaurant for $50 million.

If you are interested in learning more about bankruptcy and what it could do for you, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.

Logan’s Roadhouse Emerges from Bankruptcy

December 28th, 2016

bankruptcy-appraiser

The parent company of Logan’s Roadhouse has announced recently that it will emerge from bankruptcy with a new menu and a new marketing campaign.

If you are interested in filing for bankruptcy, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

Bankruptcy by the Numbers

July 26th, 2016

bankruptcyy

Comparing last year to this year, the ABA reports that the number of people who have filed for bankruptcy has fallen eight percent (8%).  Approximately 523,000 Chapter 7 bankruptcies were filed, 302,000 Chapter 13 bankruptcies were filed, and 7,000 Chapter 11 bankruptcies were filed.

If you or your business are having financial trouble, contact our law office at 816-524-4949 or visit www.Hoorfarlaw.com.

Hulk Hogan Forces Bankruptcy

June 29th, 2016

hulk hogan

Financial struggles aren’t avoided the more money an individual or company has. Recently, Gawker Media, an online media company with assets around $50 to $100 million, has recently filed for Chapter 11 bankruptcy while appealing a $140 milling verdict for Hulk Hogan. Chapter 11 bankruptcy is available for troubled businesses and gives them the ability to restructure their debts with the hopes to become financially stable again. Luckily for Gawker, all litigation is halted during a Chapter 11 bankruptcy which means the company doesn’t need to currently deal with the $140 million verdict against them. If you own a business and are currently experiencing financial hardship, contact our office at 816-524-4949 or check out our website at Hoorfarlaw.com.