When a company you do business with files for bankruptcy, it can feel like a lost cause—right? But don’t worry; there are ways to recover at least part of your money. The key is understanding how bankruptcy works and what steps you can take. In this piece, we’ll highlight how you can receive the money
KALAMAZOO -A Kalamazoo cannabis company’s recent Chapter 11 bankruptcy filing will test some particularly murky legal waters and could potentially set a legal precedent for other cannabis-related businesses facing insolvency. Master Equity Group LLC on April 20 filed with the U.S. Bankruptcy Court in the Western District of Michigan under subchapter V of the federal bankruptcy
LANSING - Marijuana is still illegal under federal law so when a marijuana business goes broke, it isn't eligible to file for bankruptcy in the federal courts, Kent County Circuit Court Judge Christopher Yates told the Michigan House Judiciary Committee Tuesday. "Whether we like it or not, we in the state of Michigan, in our
ALBION — Patriot Solar Group LLC of Albion on Monday filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan. The Southwest Michigan company manufactures solar panel tracking systems, pole-mounted solar systems and other solar energy related products. Patriot Solar, which was formed in 2009 and is based at 1007 Industrial
COSTA MESA, Ca. - A report released Thursday says current credit conditions for small businesses are improving across most of the United States, and overall small-business delinquencies decreased slightly from last quarter, with levels dropping at every stage of delinquency. The total bankruptcy rate fell as well, though at a slower pace than the previous
