Chapter 11 bankruptcy presents businesses in Ohio and elsewhere with a unique opportunity to rebalance their assets and reorganize their debts. Like other types of bankruptcy, Chapter 11 also allows businesses the chance for a fresh start. However, filing for Chapter 11 can be costly and should be carefully considered.
Tough times are ahead for Geneva-based company A2 Services LLC, doing business as Geneva Pipeline, as the company is filing for bankruptcy. Their Chapter 11 bankruptcy petition was filed recently with the Bankruptcy Court of the Northern District of Ohio, and in it, Geneva Pipeline has stated that it intends to reorganize.
Meeting customer expectations is a primary objective for any business. A retail chain that became popular by offering stylish women’s apparel and clothing recently discovered this fact firsthand. In recent years, Dots LLC changed its merchandise offerings from chic clothing to youthful fad pieces. This caused their most important demographic, young career-oriented women who wanted to look fashionable both in and out of the workplace, to stop shopping at their stores. Before this recent downturn the retailer had grown to over 400 stores nationwide, including locations here in Ohio.