Tag Archives: Bankruptcy

What Are Your Alternatives to Bankruptcy in the Hospitality Industry?

Experts in Hotels and Restaurants BlogBy G4Developer April 21, 2015

Some of the hotel industry is struggling right now. Whether the source is increased costs or lower revenue due to higher vacancies than expected, you may be thinking about filing for bankruptcy. Before you do this, though, you might do well to consider some alternatives to bankruptcy. Your property could recover without filing if you manage…

Facing Foreclosure in Your Restaurant? The reasons receivership is better than bankruptcy.

Experts in Hotels and Restaurants BlogBy G4Developer August 10, 2013

Foreclosure is never a pleasant experience for any business. Fortunately, there are foreclosure alternatives worth considering and positioning your restaurant for. Should the worst come to pass, receivership is a better alternative that can help ease the pain a little bit. Going into receivership places the custodial responsibility of your business into the hands of a receiver.…