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January 2017 Archives

Caesars Chapter 11 bankruptcy reorganization plan approved

An entertainment company in another state recently announced that its reorganization plan has been approved by a bankruptcy court at the federal level. The company that filed for Chapter 11 bankruptcy protection is Caesars Entertainment Corp. The reorganization plan was created for the company's main operating unit. If a company in Massachusetts is facing financial challenges, Chapter 11 bankruptcy may be a viable solution.

Budgeting important following divorce

The process of dissolving a marriage in the state of Massachusetts is usually characterized by financial upheaval. This is true even for someone who is able to remain in the same job and keep the family home following the divorce proceeding. After all, even if one's bills remain the same, one's income may be cut in half.

Reviewing tax documents can help those preparing to divorce

The process of dissolving a marriage can be financially painful and emotionally draining. After all, money and children are often two of the most important issues in many divorce proceedings. A couple of tips may help those going through the divorce process in Massachusetts at the beginning of the year to protect their best interests.

The Limited clothing retailer files for Chapter 11 bankruptcy

A chain clothing store recently decided to file for bankruptcy. The move to file for Chapter 11 bankruptcy protection came after The Limited, which sold women's apparel, closed all 250 of its brick-and-mortar stores. This is just one retailer that has fallen victim in recent years to online competition and changing tastes among customers in Massachusetts and elsewhere.

Commercial real estate property sold for more than $63M

A real estate investment and management company recently completed a commercial property sale in Massachusetts. The commercial real estate property is an office building located in the city of Worcester. Another real estate investment partner acquired this property for a total of $63.5 million.

Health system files for Chapter 11 bankruptcy protection

A health system in a nearby state recently filed for bankruptcy. The health system specifically filed for Chapter 11 bankruptcy protection. It had quit paying several vendors in 2015, right before it closed a hospital following the state's halting of a subsidy that had run for a long time. Chapter 11 bankruptcy can be a helpful tool for companies facing debt problems in Massachusetts and elsewhere.

Breach of contract can have negative consequences

An accurate and clear contract is foundational to a successful business. Unfortunately, sometimes breach of contract issues arise when it comes to partnership contracts or employment contracts. An attorney in Massachusetts can assist you in drafting a brand new contract or in reviewing an existing contract to make sure that your rights are protected.

Chapter 11 bankruptcy to benefit gas and oil company

A company in another state recently stated its intention to file for bankruptcy. The gas and oil company will file for Chapter 11 bankruptcy. Reportedly, it has been struggling in light of the current low energy prices. In Massachusetts and elsewhere, bankruptcy protection may be a viable solution for a company facing financial difficulties.

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Worcester Office
339 Main Street
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Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
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Westborough, MA 01581

Phone: 508-471-3018
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