Minnillo & Jenkins, CO. LPA
Call 513-723-1600
For A No-Pressure, Free Consultation

Vitamin World files for Chapter 11 bankruptcy

With the ever-increasing level of competition in the retail world, business owners in Ohio and elsewhere may struggle to keep up with larger chains at times. Should these hardships persist, a business could experience substantial financial difficulties that threaten its longevity, and a need for relief may arise. After falling behind financially, a popular vitamin retailer has recently filed for protection through Chapter 11 bankruptcy.

Vitamin World, much like many companies that operate mostly from within shopping malls, began to experience overwhelming monetary challenges. According to reports, the vitamin retailer chose to file for bankruptcy following recent difficulties stemming from a disruption in the shipment and availability of supplies. These issues caused a significant drop in sales, leaving the retailer in search of relief.

Through bankruptcy, the vitamin retailer is seeking to close numerous less-profitable stores, likely in an attempt to reorganize its financial structure and continue operations. Chapter 11 bankruptcy can provide a company with protection from creditors while allowing it to remain open for business. After forming a strategy to restructure finances and repay certain amounts of debt, a company can submit its plan to the Bankruptcy Court, and if approved, begin the process of pursuing a healthier financial future.

When experiencing significant financial burdens, business owners may wish to pursue relief from debts, but the process can be complex. By speaking with an attorney, a client in Ohio could obtain some much-needed guidance on every available option. A bankruptcy attorney can address a client's financial situation and provide advice on choosing the correct path for relief and assist in pursuing it through the necessary outlets.

Source: retaildive.com, "Vitamin World files for bankruptcy, plans to close 50 stores", Ben Unglesbee, Sept. 12, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Cincinnati Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: 513-723-1600
Cincinnati Law Office Map

Cincinnati Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: 513-685-0612
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: 513-795-0995
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Covington, KY 41011

Phone: 513-795-0995
Map & Directions