Business
Can My Business Continue Operating During Chapter 11 Bankruptcy?
When financial pressure mounts and your business faces overwhelming debt, the thought of bankruptcy can feel like the end of everything you’ve worked to build. Many business owners assume that filing for bankruptcy means closing their doors permanently. This common misconception prevents countless entrepreneurs from exploring what could be the very solution that saves their…
Read MoreBusiness Bankruptcy vs. Business Restructuring: Which Option Is Right for You?
When your business faces financial challenges, the path forward may seem unclear. Should you consider formal bankruptcy protection, or would a restructuring outside of bankruptcy better serve your company’s needs? Understanding the differences between these approaches can help you make an informed decision that protects your business and stakeholders. At Biggs Law Firm, we’ve guided…
Read MoreHow Condemnation Proceedings Can Impact Your Business’s Financial Health
When government entities or public utilities need private property for public projects, they can use eminent domain powers to acquire that property through condemnation proceedings. While property owners receive compensation, the financial impact on businesses can be far more complex than many realize. Understanding how condemnation affects your company’s financial health can help you navigate…
Read MoreCan You or Your Business File for Bankruptcy More Than Once?
You or your North Carolina company have fallen on financial hard times. It’s not the first time that you’ve been in a similar predicament. You’ve actually filed for bankruptcy before. You’re now facing a situation where you’re considering seeking debt relief once again. However, since you’ve filed before, you’re wondering, “Can you or your business…
Read MoreWhat To Know About the Corporate Transparency Act
Listen up, North Carolina business owners! The Corporate Transparency Act (CTA) went into effect on Jan. 1, 2024. And, since it applies to limited liability companies (LLCs), corporations, and businesses with other incorporation structures, it may also apply to you and your commercial enterprise. Now that this law has gone into effect, you may have…
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