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Why businesses file for Chapter 11 Bankruptcy?

Suppose you own or operate a business and find that it is collapsing under the weight of its financial obligations. In that case, you may consider Chapter 11 bankruptcy to help your business deal with debt.

One significant benefit of Chapter 11 bankruptcy is that the business will continue to operate and will come out the other side of bankruptcy in a much better financial position, maybe, as a more profitable and financially stable venture.

Chapter 11 bankruptcy also allows a business to resolve all of its liabilities and debts at once. With chapter 11, a business can often secure more favorable terms by negotiating with creditors in the bankruptcy court rather than negotiating with each creditor.

Moreover, a bankruptcy court’s decisions, including the reorganization plan’s approval, are binding on all of a debtor business’s creditors even if a creditor disagrees with or does not like the decision. However, chapter 11 bankruptcy procedure requires a lot of work and legal knowledge, and you may need the assistance of an attorney.

If you are looking for a Chapter 11 Bankruptcy Lawyer in California, Financial Relief Legal Advocates, Inc., and its attorney, John Bauer, will be happy to help you with necessary guidance.

If you own or operate a business struggling with financial problems that seem impossible, you should understand the benefits of Chapter 11 bankruptcy. Below are four major benefits of chapter 11 if you are considering it:

  1. Keeping business activities running during the bankruptcy process

Unlike Chapter 7, which results in the shut-down of a business’s operations and the liquidation of its assets to generate cash to pay off the business’s creditors, a business in Chapter 11 bankruptcy will continue running, albeit with court oversight for a while. When you have worked hard to build a business, you indeed don’t want to close it down due to financial liabilities.

Chapter 11 bankruptcy allows you to continue your business operations during the bankruptcy process, so you don’t lose your business and goodwill and customer base. Your Chapter 11 Bankruptcy Lawyer will help you prepare a plan with maximum chances of approval, and your business can stay open based on this.

  1. Automatic stay of all creditor actions

Among the most significant benefits of bankruptcy includes the automatic stay of creditor actions to collect a debt, including contacting your business to demand payment of a debt, seizing secured assets, or filing lawsuits to obtain money judgments for unpaid debts. It would be great if you have a Chapter 11 Bankruptcy Lawyer by your side to guide you through the circumstances.

The automatic bankruptcy stay enjoins all repossessions, foreclosures, lawsuits, liens, levies, and other debt-collection activities. Suppose a creditor continues debt collection activities after your business has filed for bankruptcy without first obtaining relief from the bankruptcy court’s automatic stay. In that case, any actions they take can be voided by the bankruptcy court, and the creditors could face fines and penalties.

  1. Emergency relief for operations

Within a few days of a Chapter 11 bankruptcy filing, the bankruptcy court will schedule an expedited hearing to hear emergency motions relating to the business and its bankruptcy. This hearing represents an opportunity for the business to ask the court for the authority to undertake certain actions to continue the normal course of the business’s operations. For instance, continuing to pay wages and benefits to employees, filing and paying taxes, or meeting certain contractual obligations like rent, insurance premiums, or vendor invoices.

A company in Chapter 11 bankruptcy can obtain emergency relief to continue regular operations, giving employees, vendors, and customers’ peace of mind that the bankruptcy will not severely disrupt the business’s operations. It is especially important for small business owners who operate on a month-by-month basis.

  1. Possibility of obtaining loan at favorable rates

In addition to obtaining emergency authorization to continue regular business operations like paying employees or taxes, a business can seek emergency authorization for financing to help fund the business’s regular, ongoing expenses like payroll or supplies.

As a result, businesses may obtain badly needed financing to continue regular operations at more favorable rates than they would have immediately before bankruptcy.

Final thoughts

Now that you know all the benefits of chapter 11 bankruptcy, you may want to consider it. To hire an experienced and skilled Chapter 11 Bankruptcy Lawyer in California, contact Financial Relief Legal Advocates, Inc., and its attorney, John Bauer.

We can also help you recover surplus funds foreclosure in orange county, California. To receive a free half-hour consultation, contact us immediately for legal assistance.

The Nine Best Grocery Stores in America

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There are thousands of organic grocery store chains and supermarkets in America, meaning there is a cut-throat competition between the grocers. It is a great time to rank the top seven grocery store chains in the country with the competitive grocery markets.

• Walmart Inc- The Company has registered grocery sales of $288 billion from the 4253 stores. Walmart is the biggest grocer by revenue and the largest employer with 2.2 million associates. The company sells groceries and general merchandise, operating more than 5,400 stores in the country. Likewise, Walmart is a global supply chain leader with a presence in 28 countries.

• Kroger- Kroger is the second most popular retail company in the country. Bernard Kroger founded it in 1883 in Cincinnati, Ohio. Kroger is the larger supermarket by revenue and the second-largest general retailer. Likewise, it is the fourth-largest American-owned private company in the United States. Kroger ranks 23 on the fortune 500 largest American countries by total revenue. Kroger operates nearly 2800 stores in 35 states with annual sales of more than 121.1 billion.

• Albertsons Companies, Inc- It is the second-largest supermarket chain in North America. Founded by Joe Albertson, Albertsons is headquartered in Boise, Idaho. Albertsons ranked 54 in the 500 fortune list of the biggest United States corporations by total revenue.

• Koninklijke Ahold Delhaize N.V- It is popular as Ahold Delhaize that is a Dutch grocery company, operating supermarkets, hypermarkets, online grocery, and convenience stores. At the beginning of 2020, the company partnered with Instacart to provide grocery home delivery from the 750 stores. The company has expanded its business to acquire a majority stake in FreshDirect, a well-known online grocer.

• Publix- It is the largest employee-owned supermarket chain in the country, with a reported sale of $36.1 Billion in 2018. George W. Jenkins founded Publix in 1930. The company has over 1,200 stores in seven states, including Alabama, Florida, North Carolina, South Carolina, Georgia, Tennessee, and Virginia. Florida alone has 799 stores. Many experts believe that Publix is the best supermarket for many reasons, including the free cookies given to children at the in-store Publix Bakery.

• H-E-B Grocery Company- It is the American’s privately owned supermarket chain based in San Antonio, Taxes, with more than 340 stores throughout the USA. The company also operates the Central Market stores that compete with the Whole Foods Market owned by Amazon. Florence Butt founded H-E-B Grocery Company in 1995. The company registered revenue of $22 billion from over 340 stores in Taxes.

• Meijer Inc- Headquartered in Walker, Michigan, Meijer Inc is founded by Hendrik Meijer in 1934. The company’s 253 stores are located alone in Michigan, and the other half are located in Illinois, Indiana, Kentucky, Ohio, and Wisconsin. Meijer was ranked 19 on the Forbes magazine in 2015 in the list of America’s largest private companies. By revenue, Meijer is the 26th largest retailer in the country.

• Trader Joe’s- The Company has its store in 41 stores and has a very loyal customer base. In order to keep the prices low, the company curates Trader Joe’s branded products as it does not offer any coupons, promotions, discounts, or sales. Some products are brought at a limited supply and sold for a very short time, while the other products have sold all the time.

• Whole Foods Market- It is a well-known company that offers high-quality organic food products. The company mentions all restricted ingredients on the products. Whole Foods Market is known for stocking organic products from local as well as global suppliers. The company only sells products that meet the quality standards and prohibited more than 100 preservatives, colors, flavors, and other ingredients. Interestingly, Whole Foods Market became the first company that removed the use of plastic bags at checkout. Alongside, the company has a comprehensive waste food strategy to divert wasted food from landfills. After being acquired by Amazon, Whole Foods Market started to offer additional discounts to Amazon prime members and ensure faster delivery for Prime users.

Final words

The grocery delivery companies frequently update their supply chain management system to improve the buying experience and reduce the last-mile delivery costs. On the other hand, Walmart has tested the use of dogs for grocery delivery. For this, the company has trained selected breeds of dogs. But, the well-known business analyst is convinced with this approach used by Walmart. He believes that the company should implement the micro-fulfillment and Robomart to improve the supply chain system and buying experience of the customers like Amazon that is popular for Amazon supply chain model across the globe.

14 Vs16 Inches Scalloped Edge Cake Board?

The ability to customize cake boards into different shapes or designs is one thing that makes them unique. Due to their plastic construction, it is easy to cut into suitable designs that will hold decorated cakes. Therefore, it is easy to say that they exist in various forms, and a baker only decides what to use.

Scalloped Edge Cake Board is one of the best designs that can be achieved. “Scalloped Edges” means the various edges at every side of the board are curvy in shape. It is a decorative element that adds style to the board and cake, ultimately. However, different sizes of this particular board type exist – 8-, 10-, 14 inches scalloped edge cake board or higher. Freshboards is where you could find most of them.

How to Determine What to Use?

The most popular Scalloped Edge Boards are between the 14- and 16-Inches size. They are similar in every respect; however, there are a few things that differentiate them. Getting Freshboards’ 14 Inches Scalloped Edge Cake Board instead of a 16 Inches board or vice-versa means you’ll consider the following factors.

Color

Every cake board comes with a color that improves the appearance of the board and cake. The boards are available in White and Black colors for both 14 inches and 16 inches. Your choice of color, however, depends on the decorations on the cake and the blend.

Case

Even as cake boards provide optimum support for a cake either alone or in its layers, they are sometimes not exposed. Often, they come with a case that provides adequate protection against different external factors, such as moisture, high temperatures, etc.

Thickness

A board’s thickness is responsible for the support. When going for either scalloped edge cake board types, ensure you check the thickness (in mm) to make sure it can handle the load that would be on it. Both cake boards have 5mm thickness, which is good enough to hold small cupcakes, muffins, and even pastries.

Density

Ideally, a cake board shouldn’t be too heavy, so it doesn’t add to the cake’s weight, thereby limiting movement. The board’s density should be moderate. For both scalloped edge cake boards, the density sits at 850; it wouldn’t be much stress moving the entire cake and the board from one location to another.

How to Maintain either 14 or 16 Inches Scalloped Edge Cake Board?

If you are using 14 inches scalloped edge cake board or the 16 inches type, maintenance is one thing you should take seriously. It is significant so that the board’s shelf life can be at its best. All you have to do is ensure that they are wiped clean with a damp cloth before using them.

Freshboards is a great place you’d get 14 or 16 inches scalloped edge cake board. You won’t have to worry about anything because their boards are incredible and efficient in several ways.

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