Hertz Prepares for Bankruptcy Amid COVID-19 Pandemic

Hertz Global Holdings Inc. is preparing for a possible bankruptcy filing after the rental-car company failed to make lease payments to preserve cash amid the Covid-19 pandemic, according to people familiar with the matter. Read more here regarding the case: https://www.foxbusiness.com/money/hertz-misses-lease-payment-preps-for-potential-bankruptcy

2 Bankrupt Hospitals in Maine Fear They Will Need to Close Soon

Two bankrupt Maine hospitals have warned that they could both have to close their doors by the end of June if they don’t receive funding through a federal loan program meant to help small businesses keep their staff employed through the coronavirus crisis. Read more at the link above.

Private Aviation Service JetSuite Based in Dallas Goes Bankrupt

Dallas-based private aviation service JetSuite filed for bankruptcy Tuesday in Delaware. JetSuite abruptly shut down operations April 15, citing a “dramatic downturn” in its business in a posting on the company’s website. https://www.dallasnews.com/business/local-companies/2020/04/28/dallas-private-aviation-business-jetsuite-files-for-bankruptcy/

Webinar: The New Small Business Bankruptcy

Webinar: The New Small Business BankruptcyExploring the Small Business Reorganization Act (“SBRA”) and Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)Date: Monday, June 15, 2020 at 12:00p.m.Duration: 45 minutesCLE: Credit 1.00 Register Here Download the Materials Here

What Role Does a Bankruptcy Mediator Play in My Case?

Finding oneself in the middle of a bankruptcy is never a place that one wants to be. It gets even harder when the topic drags in a lot of topics that one doesn’t understand or fully comprehend. That is why anyone going through a bankruptcy should consider hiring the firm of Pronske & Kathman to do their…

What Documents Are Needed When Filing for Chapter 11 Bankruptcy?

Chapter 11 bankruptcy is necessary when a company has more debt than income and may need to restructure the business to survive. Some companies choose full liquidation of assets, which requires a complete itemization of valued possessions. Other businesses that choose to restructure may not need to present everything to the courts at first glance….

Will Coronavirus Cause Airlines to Go Bankrupt? What Will Happen Next?

Will Coronavirus shutdowns cause airlines to go bankrupt? What happens next? Read more here. If your company is considering bankruptcy, contact the Dallas Bankruptcy Attorneys at Pronske & Kathman, P.C. to learn about your options.

How a Business Divorce Leads to Reorganization Through Chapter 11 Bankruptcy

When a couple who owned a business together files for divorce, one of the biggest questions involves what will happen to the business. In many cases, the situation will lead to a reorganization through Chapter 11 bankruptcy. Since it is likely filing for Chapter 11 will have been done after the couple has filed for…

How a Business Can Be Saved By a Buyer if They’ve Already Filed Bankruptcy

Businesses file bankruptcy and then get bought out by someone else. What happens next for them? Read the article here. If your company is considering bankruptcy, contact the Dallas Bankruptcy Attorneys at Pronske & Kathman, P.C. to learn about your options.

What Types of Repayment Plans are Available Through Bankruptcy?

The number of options available in bankruptcy for repayment of debt are somewhat limited, but they can always be altered depending on the type of Dallas bankruptcy lawyers that you have working for you. It is always advisable to get Dallas bankruptcy lawyers such as Pronske & Kathman to make sure you get the very best help…