How Does Filing Bankruptcy Affect Employees?
Bankruptcy and Employees Finding out your employer has filed for Chapter 11 bankruptcy can be unsettling, and it is normal to worry about what might happen to your job. The U.S. Bankruptcy Code includes detailed rules about how employee pay and benefits are handled in these cases. However, what actually happens depends a lot on […]
Bankruptcy’s Effect on Utility Bills in Ann Arbor, Michigan
Bankruptcy and Utility Bills in Ann Arbor Facing bankruptcy can be one of the most challenging experiences in a person’s life, bringing a whirlwind of financial uncertainty and emotional stress. In Ann Arbor, Michigan, individuals going through bankruptcy know that utility bills can quickly become a source of anxiety, especially when faced with the looming […]
Can You File for Bankruptcy Multiple Times in Detroit?
You have already been through bankruptcy once. Then a layoff, a medical bill, or a divorce hit, and the debt came roaring back. The worry that follows is almost always the same: are you even allowed to file again? Yes, you can file for bankruptcy more than once in Detroit. Federal law puts no cap […]
Reasons Detroit Businesses File Bankruptcy and How to Avoid Them
Detroit’s 530,000+ businesses face high overhead and e-commerce pressure. A Michigan bankruptcy attorney explains 6 causes and 7 prevention moves.
What Caused TGI Fridays Bankruptcy?
Written and reviewed by James Frego, Detroit Bankruptcy Attorney · Published November 15, 2024 · Last reviewed June 25, 2026 · 8 min read Commercial Chapter 11 filings jumped about 20% in 2024 over the year before, according to bankruptcy-data firm Epiq.[1] One of the most familiar names on that list was the TGI Fridays […]
5 Most Famous Business Bankruptcies
Famous Business Bankruptcies in the U.S. Business bankruptcies are a common phenomenon, but major ones are rather uncommon. In 2008, the Great Recession caused many major businesses to fail. After the pandemic, the economy saw another recession, and we can learn valuable lessons by studying the most famous business bankruptcies in American history. The 5 […]
The Rite Aid Bankruptcy Explained
Exploring the Rite Aid Bankruptcy Rite Aid has been a dominant pharmacy company in the United States. It was founded more than 50 years ago and ruled the retail pharmacy industry for years before financial and legal troubles hit the company. These troubles compelled Rite Aid to file for Chapter 11 bankruptcy towards the end […]
How Involuntary Bankruptcy Can Impact Your Business
The Impact of Involuntary Bankruptcy on Your Business Involuntary bankruptcy is a complex and often distressing situation that can significantly impact your business. Unlike voluntary bankruptcy, which the debtor initiates, involuntary bankruptcy is initiated by creditors seeking to recover the debts you owe. This legal process can disrupt your business operations, damage your reputation, and […]
Can You File Bankruptcy Multiple Times in Sterling Heights?
By James P. Frego II, Bankruptcy Attorney (MI Bar #P55727) · Updated June 25, 2026 · ~9 min read Yes, you can file bankruptcy multiple times in Sterling Heights. Federal law sets no limit on the number of times you can file. What it does limit is how soon you can receive another discharge, and […]
What Bankruptcy is Best for a Small Business?
Choosing a Small Business Bankruptcy In the small business world, financial challenges can arise unexpectedly, leading entrepreneurs to consider bankruptcy a potential solution. Navigating a business bankruptcy can be daunting, and the decision will matter as the choice can significantly impact not only the future of the business but also personal finances and credit ratings. Making […]