Recently I met with a business owner who wanted to use Chapter 11 to solve his business problems. He explained that his company was having severe cash-flow problems, that a friend had told him that Chapter 11 had saved…
FIRST DAY ORDERS — CRITICAL VENDOR ORDERS AFTER KMART
With the commencement of a Chapter 11 reorganization comes the automatic stay and also a prohibition of the debtor’s use of cash collateral, incurring of new debt, or activity outside the ordinary course without appropriate court orders. Operation of the…
Answers to Common Questions From Subway Franchisees
Q: I just received a bad evaluation of my Subway™ Restaurant, should I worry? A: Perhaps. Every year Doctor’s Associates, Inc. (“DAI”) terminates a lot of subway franchises. In most cases, the termination process starts after a series…