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It is the nature of competitive business that some companies will struggle to run their operations effectively. It is often not enough to simply break even financially, but rather to make enough sales to earn a profit. When a company experiences significant and ongoing business debt, it may be forced to file for bankruptcy. However, before taking that step sometimes…
Chapter 11 bankruptcy presents businesses in Ohio and elsewhere with a unique opportunity to rebalance their assets and reorganize their debts. Like other types of bankruptcy, Chapter 11 also allows businesses the chance for a fresh start. However, filing for Chapter 11 can be costly and should be carefully considered. Recently, a company called Todd-Soundelux, previously known as CSS Studios,…
Tough times are ahead for Geneva-based company A2 Services LLC, doing business as Geneva Pipeline, as the company is filing for bankruptcy. Their Chapter 11 bankruptcy petition was filed recently with the Bankruptcy Court of the Northern District of Ohio, and in it, Geneva Pipeline has stated that it intends to reorganize. Clearly some great challenges are on the horizon…
Soccer has surged in popularity within the last two decades—due in part to the hosting of the World Cup in 1994, the welcoming of legendary British midfielder David Beckham to the LA Galaxy in 2007, and the recent success of the men’s and women’s national teams on international levels. Unfortunately, this has not stopped some U.S. teams from facing uphill…
Competition among U.S. restaurants has been recently increasing as newer chains expand quickly in Ohio and across the country. In today’s highly competitive restaurant industry, it takes very little for a business to face diminished cash flow, causing it to reconsider its operating strategy. Just four days after Sbarro LLC filed for Chapter 11 bankruptcy for the second time in three years, Quiznos…
Over the past several years, shopping malls have seen a decline in traffic that has severely hurt mall-based businesses. Sbarro, a familiar pizza restaurant in mall food courts around the country, is one of those businesses. Due to a decline in mall customers compared to the previous volume, Sbarro has filed for Chapter 11 business reorganization for the second time…
Mahogany’s restaurant at The Banks promises to catch up on its financial obligations and keep its doors open through a cold winter that has depressed businesses. The small business received a $300,000 loan and an almost $700,000 grant from the city of Cincinnati to help get it off the ground in 2012. Now, the owner vows that her small business debt will not force…
Meeting customer expectations is a primary objective for any business. A retail chain that became popular by offering stylish women’s apparel and clothing recently discovered this fact firsthand. In recent years, Dots LLC changed its merchandise offerings from chic clothing to youthful fad pieces. This caused their most important demographic, young career-oriented women who wanted to look fashionable both in…