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 […]
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 […]
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 […]
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 […]
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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