Clayson, Schneider & Miller

News

Kim Clayson newly appointed as one of the first Small Business Restructuring Act’s Chapter 11 trustees.

January 22nd, 2020  | Bankruptcy  | Business

Clayson, Schneider & Miller, PC is pleased to announce the appointment of one of its principals, Kim Clayson, to one of the five newly created small business trustee positions for the Eastern District of Michigan. The Small Business […]

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The Small Business Reorganization Act – Chapter 11 Made Simple.

August 29th, 2019  | Bankruptcy  | Business | By Peter F. Schneider

This week, the Small Business Reorganization Act (“SBRA”) was signed into law with the goal of simplifying the Chapter 11 process for small businesses. The law is set to take effect on February 19, 2020. This law aims […]

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Do you know what to expect when your business files Chapter 11 bankruptcy? Part 4: Do you have all the professionals in place?

October 17th, 2017  | Bankruptcy  | Business

In addition to a company bankruptcy lawyer, there are significant accounting and reporting requirements that must be fulfilled while your company’s Chapter 11 bankruptcy is pending. The company may need to hire an accountant to help fulfill the […]

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Do you know what to expect when your business files Chapter 11 bankruptcy? Part 3: Are all the key members or shareholders on board with filing bankruptcy?

Do you know what to expect when your business files Chapter 11 bankruptcy? Part 3: Are all the key members or shareholders on board with filing bankruptcy?

October 16th, 2017  | Bankruptcy  | Business

If there is more than one owner in a company that may be a candidate for Chapter 11 bankruptcy, a majority in voting interests must approve bankruptcy as a the right course of action. Business owners should discuss […]

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Chapter 11 business basics: Part 2: Have you hired your own attorney to represent you during your company’s Chapter 11?

Chapter 11 business basics: Part 2: Have you hired your own attorney to represent you during your company’s Chapter 11?

October 13th, 2017  | Bankruptcy  | Business

It is important for business owners to understand that the attorney that files bankruptcy for the company is not the owners’ personal attorney. While the bankruptcy attorney may keep the owners’ goals for the business in mind while […]

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