Today DeMarb Brophy closed on the sale of the assets of a local kombucha company, NessAlla, inside of Chapter 11! The new owners are keeping it local, keeping it operating, and excited to take it to the next level. It’s a great example of some of the ways we can use bankruptcy to make things […]
Category: Business Debt Relief
It is no secret that 2020 has been a difficult year for businesses across our economy. Seemingly overnight, a steady economy was turned upside down by the fallout from the ongoing COVID-19 pandemic, leaving businesses struggling to make ends meet. In a previous post, we pointed out some of the options available to distressed businesses. […]
Few if any sectors of our local or national economy have been able to steer clear of the economic destruction brought on by the novel coronavirus (COVID-19). As the outlook begins to improve for some, it remains murky at best for others as we continue to navigate the unknown in 2020 and look toward the […]
Attorney Rebecca DeMarb was appointed the Receiver over the assets of Quality Assembly & Logistics, LLC, under Chapter 128 in early February. Quality’s business, headquartered in Marinette, Wisconsin, was an “essential business” pursuant to the Stay at Home Order. The business was divided between custom assembly, primarily for medical and fire suppression devices, and the […]
Most people have certainly heard of businesses declaring bankruptcy, but many are unclear on exactly what debt relief options are available to business organizations. If you are considering bankruptcy for your business, you should consider whether the company’s position is so dire that it cannot recover, even if some debts were lessened or eliminated. Or, […]
