Resolute Index Q2 2022
Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.
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Resolute Index Q1 2022
Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.
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What Happens When a Business is in Distress?
What happens when a company faces financial distress? The options can be complex!
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What is Assignment for the Benefit of Creditors?
company. The ABC provides for the appointment of an independent fiduciary representative – known as an assignee. The assignee manages the orderly wind down of the business and monetizes the company’s assets for the benefit of the company’s creditors. The assignee will then distribute the proceeds generated from the sale of the company’s assets to the company’s creditors according to state law.
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Resolute Index Q4 2021 and EOY Review
Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.
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The Chapter 11 Process
Understanding restructuring options can be complex. What happens when a Chapter 11 filing is pursued? We’ve put together a helpful guide to understand and contemplate what happens before a Chapter 11 filing, and what happens when the process begins. Key takeaways: When facing Chapter 11, there are generally three scenarios: Reorganization and restructuring of debt, … Continued
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Recent Montana Ruling Brings the Fight Against MCAs Forward
In re Shoot the Moon LLC; CapCall LLC v. Foster Origins of the Case In the early 2000s, Kenneth Hatzenbeller and two other principal investors began a business venture called Shoot the Moon (STM). The venture eventually grew to encompass 19 different LLCs that owned and operated 16 restaurants throughout Montana, Idaho, and Washington. The … Continued
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Three Things We Learned From Covid-19
It’s been one year since our lives turned upside-down due to the emergence of Covid-19. It’s been a time of adjustment and challenge, including lockdowns; recessions; toilet paper shortages; and thankfully, vaccines. As we continue to adjust to the new world we live in, here’s three things we learned over the past 12 months. 1) … Continued
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Is Bankruptcy the Answer to Pandemic Business Troubles?
Resolute President & Founder Jeremiah Foster spoke, along with other experts, to LegalZoom about some of the pros and cons related to bankruptcies amidst a global pandemic
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Bankruptcies are Contagious
The economic impact of skyrocketing bankruptcy filings. There is some discrepancy between market performance and economic conditions — The stock market is not the economy. What is happening in the stock market is universally perplexing and a different discussion altogether. The economy on the other hand is not doing well. Bankruptcy filings are through the … Continued
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